US EditionGreater Toronto home sales fall 13.3 per cent in May: board
- Greater Toronto Area home sales fell 13.3% year-over-year in May, while new listings rose 14%.
- The average selling price decreased 4% from a year ago to $1,120,879, and the benchmark price fell 4.5%.
- The Toronto Regional Real Estate Board's chief information officer attributed the sales decline to softening economic confidence, but expects sales to pick up once households are convinced of trade stability with the U.S.
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Financial Post+3 Reposted by 3 other sources
Greater Toronto home sales fall 13.3 per cent in May as inventory levels rise: board
TORONTO -- Home sales in the Greater Toronto Area remained weak in May while inventory levels were up -- giving more negotiating leverage to potential homebuyers.
·Canada
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castanet.net+14 Reposted by 14 other sources
Greater Toronto home sales fall 13.3 per cent in May: board
Home sales in the Greater Toronto Area remained weak in May while inventory levels were up - giving more negotiating leverage to potential homebuyers. The Toronto Regional Real Estate Board says 6,244 homes were sold in May, down 13.3 per cent year-over-year. Meanwhile, new listings reached 21,819 l...
·Kelowna, Canada
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