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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold prices holding on to gains as U.S. new home sales drops 2.5% in June(Kitco News) - The gold market, while off its recent highs, continues to hold support well above $1,950 an ounce as the U.S. housing market continues to struggle as fewer consumers than expected are buying new homes.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Ottawa police seek person of interest following Clarence Street shooting in JuneOttawa police are asking for the public's help in identifying an individual described as a 'person of interest' in a shooting investigation in the ByWard Market. ottnews
Source: ctvottawa - 🏆 29. / 67 Read more »
U.S. durable goods up 4.7% in June to beat expectations again, gold sells off(Kitco News) - The gold market saw a sharp decline after the newly released data showed that orders for long-lasting U.S. factory goods were up 4.7% in June versus the expected increase of 1.3%. This was the fourth month in a row of positive gains for durable goods.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »