Greater Toronto home sales up 9.4% in June as board predicts price growth could come
Greater Toronto Area home sales increased by 9.4% in June compared to the previous year, despite a decline in new listings. Industry experts suggest that while prices have not yet bottomed out, the market is showing early signs of recovery and increased buyer confidence.
Why it matters
The data provides insight into the cooling and potential stabilization of the Canadian real estate market, which is a key indicator of economic health.
TORONTO — The Greater Toronto Area continued to see higher home sales last month compared with a year ago even as new listings slowed, but some say it could still take a while before selling prices bottom out.
The article relies on market data and quotes from industry professionals to describe current real estate trends.
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