Thread by @areacode416

Weekly check-in on 416 sales transactions versus prior year. Freeholds (lowrise) and Condos moving down similarly in last 3 weeks. Now less than half of 2019 volumes. /1

Some context around 2019 volumes... For this time last year they were up over soft 2018 volumes but lower than recent volumes. Here is April 2019:
Freeholds: ⬆️15% vs. 2018,⬇️18% vs. 7-year avg
Condos: ⬆️6% vs. 2018,⬇️6% vs. 7-year avg
/2

Here are the absolute numbers for 2020. Note they're never going to go to zero. There will always be some level of activity (barring further gov't action on this). #TOre /3

And here's this year compared to last year for freeholds (detached, semis, rowhouses). /4

And same 2020 vs. 2019 comparison for condos (includes condo apt and condo townhouses). /5