TORONTO — The GTA new home market slowed in June and sales fell significantly below the 10-year average.
There were 569 single-family home sales in June, up 256 per cent from June 2022 but 49 per cent below the 10-year average. Increased inventory had a softening impact on prices. The benchmark price for new condominium apartments was $1,090,494, which was down 8.4 per cent over the last 12 months.