Canada Mortgage and Housing Corp. said housing starts were lower than expected in April, due to a decline in construction on multi-unit buildings.

The seasonally adjusted annual rate of housing starts was 179,000 units in April.

Sales activity should increase after dipping in the second quarter.

Real Estate in Toronto continues to be a buyers-market with lower sales but higher average resale home prices in the single digits.

The ever popular Toronto Condos market continues to grow and many Central Real Estate Districts reporting positive year over year price gains.