A new study found that home sales in Toronto have seen growth since early May, which coincided with the return of city bidding wars. The TREB data, compiled by the online real estate information platform, Zoocasa, revealed that for the period from May 1 to 15, 2018, sales volume increased by 39% compared to the period from April 1 to April 15. of 2018. However, the May figures also represented a decrease of 22% according to the previous year. Zoocasa discovered that 197 houses listed in Toronto include in their description the phrase accept offers and 209 with record offers. Meanwhile, 127 condos for sale in the city indicated that they are accepting offers, and 206 have register offers. Such wording is often interpreted as a clear indicator of bidding war. By breaking down the sales figures by type of property, condo departments in Toronto experienced a year-on-year increase of 46% in sales, but a reduction of 18% year-over-year. Meanwhile, sales of condominiums in the metropolitan area soared by 46% between April 1 and April 15, 2018, but decreased by 21% annually. On the other hand, the houses experienced a growth in sales of 25% compared to April 1 to April 15, 2018, but decreased by 32% compared to the same period last year. Sales of semi-detached houses increased 35% month after month, but 20% lower as of May 2017. Zoocasa noted that these developments have led to more balanced conditions, with the proportion of sales to new ads in the entire jurisdiction of TREB increasing from 35% in April 2018 to 39% at present, reflecting a continuous buyer market, although a little more adjusted in conditions . In the city proper, the ratio increased from 38% to 45%, which represented a change of the buyer's market to balanced conditions. If you are in search of a property to move or invest and you have doubts about how the real estate market works in Toronto, do not hesitate to contact me and I will be happy to advise you.