Quiet June for GTA new home market - constructconnect.com - Daily Commercial News

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The GTA new home market slowed in June and sales fell significantly below the 10-year average, according to an altusgroup report.

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.

 

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