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Coronavirus: Canadian home sales record 57% monthly drop in April

Canada city Ottawa covid-19 coronavirus news coronavirus update Coronavirus
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globalnews.ca:

Canada’s home sales fell a record 56.8 per cent in April compared to an already weak March, the Canadian Real Estate Association (CREA) said on Friday.

Compared to a year earlier, April home sales were down 57.6 per cent, posting the lowest volume of transactions for the month since 1984.

Activity was down 66.2 per cent in the Greater Toronto Area, 57.9 per cent in Greater Vancouver, 51.5 per cent in Ottawa, and 42 per cent in Winnipeg.

Prices, however, did not show the kind of dramatic plunge some prospective homebuyers in pricey markets may be hoping for. Both supply and demand have largely frozen because of the novel coronavirus pandemic, the data suggests. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
India
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Brazil
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Deaths: 608 235
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Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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