It was the busiest April on record for Canadian real estate agents who listed almost 100,000 homes, but the number of sales continued to inch downward as buyers stepped away from an increasingly expensive market.

The Canadian Real Estate Association said 99,901 homes were put up for sale in April, a new monthly record. Many homeowners are hoping to sell at what some suggest may be the market's peak, as higher mortgage rates and rising prices discourage buyers from entering the market.

The number of homes being listed has dampened the market somewhat, however, as buyers have more choice and can take their time before making a purchase. Seasonally adjusted national home sales slipped 2.6 per cent from March, and are now 6.8 per cent lower than they were in December.

Full Globe and Mail article. 

Toronto April Statistics