The Greater Toronto Area is a decade behind in home construction and the delay is only intensifying the region’s housing shortage, according the chief market analyst at the city’s real estate board.
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Greater Toronto home sales drop 7.1 per cent in September as higher rates biteTORONTO — Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.
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Greater Toronto home sales drop 7.1 per cent in September as higher rates biteTORONTO — Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year. The Toronto Regional Real Estate Board says last month's 4,642 home sales also marked a 12.1 per cent month-over-month decline from August. The board attributes the downward trend to the impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic grow
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Greater Toronto home sales drop 7.1 per cent in September as higher rates biteGreater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.
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Greater Toronto home sales drop in September as higher rates biteThe Toronto Regional Real Estate Board says last month\u0027s 4,642 home sales also marked a 12.1 per cent month\u002Dover\u002Dmonth decline from August.
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Toronto Area Home Sales Slump 12% As High Borrowing Costs PersistHome sales in the Greater Toronto Area (GTA) took yet another hit in September, falling 12% from the month prior.In total, there were just 4,642 home sales reported in the GTA last month, according to a new report from the Toronto Regional Real Estate Board (TRREB). This is not only a noticeable cha...
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Toronto home prices rebound in September, sales hit 8-month lowGreater Toronto Area (GTA) home prices rose in September for the first time in four months, as the Bank of Canada paused its interest rate hiking campaign, but the level of sales fell to the lowest since January. The average price of a GTA home rose 3.4% in September from August to C$1,119,428 ($816,623.87), the first increase since May, Toronto Regional Real Estate Board (TRREB) data showed on Wednesday. On a year-over-year basis, home prices were up 3%.
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