HuffPost: Toronto New Home Sales Hit Lowest On Record As Condo Prices Near $800,000

The new-home market in Greater Toronto hasn't been this quiet since the 20th century, and the industry is placing the blame squarely on the mortgage stress test and rising interest rates. But some in the business see another explanation: Prices have risen too high, and with price growth slowing, buyers no longer feel pressure to get into the market quickly. There were 25,161 new home sales in the GTA in 2018, the lowest number in records going back to 2000, according to data released Friday by the Building Industry and Land Development (BILD) Association. Read More....


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
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