{"id":588271,"date":"2026-04-07T15:34:08","date_gmt":"2026-04-07T15:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/588271\/"},"modified":"2026-04-07T15:34:08","modified_gmt":"2026-04-07T15:34:08","slug":"yoy-toronto-home-sales-increase-for-the-first-time-in-six-months","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/588271\/","title":{"rendered":"YoY Toronto home sales increase for the first time in six months"},"content":{"rendered":"<p>\u201cThere\u2019s pent\u2011up demand that built for two years. As rates stabilize, buyers who were waiting \u2013 and there are a lot of them \u2013 are re\u2011entering. The question for developers and sellers alike is whether supply can respond fast enough.\u201d<\/p>\n<p>Those supply worries are not confined to the resale side. Canada Mortgage and Housing Corporation estimated the country needs\u00a0roughly 3.5 million additional homes by 2030, on top of current construction pipelines, to restore affordability.<\/p>\n<p>Pipeline risks and missing middle gap<\/p>\n<p>TRREB chief executive John DiMichele said the region faces\u00a0a medium\u2011to\u2011long\u2011term risk if new construction fails\u00a0to keep pace.<\/p>\n<p>\u201cThe GTA housing supply pipeline is in danger of running dry in the medium-to-long term,\u201d DiMichele said.<\/p>\n<p>\u201cThe federal and provincial governments announcements on HST and development charge relief were important affordability policy initiatives designed to spur new home sales and construction. It will be important to ensure that the right types of homes are built, namely \u2018missing middle\u2019 home types bridging the gap between condos and traditional single-family homes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThere\u2019s pent\u2011up demand that built for two years. As rates stabilize, buyers who were waiting \u2013 and there&hellip;\n","protected":false},"author":2,"featured_media":588272,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,224380,224381,3302,203160],"class_list":["post-588271","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-greater-toronto-area-gta","tag-gta-housing-market","tag-toronto","tag-toronto-regional-real-estate-board-trreb"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/588271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=588271"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/588271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/588272"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=588271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=588271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=588271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}