A More Balanced Market. Stabilizing Prices, Greater Choice and Less Competition for Buyers.
- GTA home sales in July were down 47% from last year.
- Rapidly increasing mortgage rates continue to lead to more balance in the market. Buyers are taking advantage of greater selection, less competition, and moderating prices.
- To mitigate the impact of higher borrowing costs, buyers have turned to less expensive home types, like condo apartments, which experienced higher price growth than other housing segments.
Want more details? Check out TRREB's Full Report
July 2022 vs. July 2021
July 2022 vs. June 2022
Click here to see Toronto Real Estate Board's Full Report
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