(Source: CTV News)

Real estate sales in Toronto are gaining strength after suffering a steep decline over the past few months, according to the Toronto Real Estate Board.

March statistics show that sales are down by seven per cent from the same time last year, a number that condo expert Brad J. Lamb calls a “very strong margin.”

“Statistics are showing us now that the bottom of Ontario’s real estate market was probably December, at the peak of pessimism,” he said in an interview on Canada AM Monday. “It’s clawed its way back. Each month since then, it’s gotten better and better.”

Jason Mercer, senior manager of market analysis with the Toronto Real Estate Board agreed with Lamb, calling March numbers a “marked improvement” over the first months of 2009.

Read the full article “Real estate sales improving after steep decline” in CTV News (April 13, 2009).

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