Home sales up, prices expected to rise
Home sales in the Greater Toronto Area rose by 9.4% in June compared to last year, despite a decline in new listings. While market activity is showing signs of recovery, experts suggest that price growth may take time to stabilize as buyers and sellers adjust to current conditions.
Why it matters
The data reflects shifting trends in the Canadian housing market, which is a critical indicator of broader economic health and consumer confidence.
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 provide a balanced view of the real estate landscape.
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