The Greater Toronto Area housing market remained under pressure in April as economic uncertainty continued to weigh on buyer confidence.
Ongoing concerns over the U.S. trade conflict and speculation around the federal election led many potential buyers to hit pause. Despite stable interest rates, consumer confidence has yet to fully recover, causing demand to drop to multi-decade lows.
With no major financial shifts on the horizon, buyer activity is expected to stay cautious in the near term. The market may not see a turnaround until economic clarity and stronger sentiment return.
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