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New Home Sales in Greater Toronto Area Below 10-Year Average Despite Increase in June
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New Home Sales in Greater Toronto Area Below 10-Year Average Despite Increase in June In June, new home sales in the Greater Toronto Area (GTA) increased by 32% compared to the same period last year, but were still 30% below the 10-year average. Rising interest rates have caused potential home buyers to delay their purchasing decisions, exacerbating Canada's housing supply and afford...

GTA new home market significantly decelerates
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GTA new home market significantly decelerates In June, new home sales in the Greater Toronto Area (GTA) saw a sharp drop compared to the 10-year average, with total sales of 2,526 units, 30% lower than the 10-year average. Condo apartments accounted for the majority of the sales volume, 11% higher annually but 21% lower than the 10-year average...