Greater Toronto Home Sales, Prices Drop | Sivage Sivagumaran, CPA | https://sivagerealty.ca | Searching for a Top Rated Real Estate Agent in Toronto & GTA?

New listings ↓~18% in Toronto as analysts cite sellers waiting out falling prices.
Toronto sales ↓~6% to ~4K, while new listings fell faster.
Prices kept sliding: Toronto avg. ~$1M, yearly ↓~7%.
Sales have fallen yearly for 5 straight mo; boards expect continued chill, though fewer listings could boost competition.
Toronto condos lagged: sales ↓~12%, prices ↓~9%; recovery may take years.


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