results on Thursday and found that the region's last quarter sales represented the lowest Q2 result of the past 20 years outside of the initial months of COVID-19.
New condo sales in the first half of 2024 totalled just 3,159 units, a 57 per cent decline from a year ago and 72 per cent below the 10-year average. The real estate firm says the first half of 2024 was the slowest for new condo sales in the region since 1997.to a record high of 25,893 units, a level that was roughly 10,000 units higher than both the 10-year and 20-year averages.
Urbanation also added that the average asking price for unsold units declined just 2.6 per cent over the past year and by only 4.5 per cent over the past two years.
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