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GTA new home sales remain low in January – but with prices down and inventory up, buyers have a unique opportunity in the months ahead

Summary by Financial Post
Toronto, Feb. 21, 2025 (GLOBE NEWSWIRE) —

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Toronto SunToronto Sun

'GTA home buyers nowhere to be found' as new home sales hit near record low in January

GTA new home sales reached near record lows in January, but with prices down and inventory steady it creates a unique buying opportunity, the Building Industry and Land Development Association (BILD) says.

·Toronto, Canada
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Financial PostFinancial Post

GTA new home sales remain low in January – but with prices down and inventory up, buyers have a unique opportunity in the months ahead

Toronto, Feb. 21, 2025 (GLOBE NEWSWIRE) —

·Canada
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StoreysStoreys

'Prime Time For Buyers': GTA New Home Prices Down 20% From 2022 Peak

While new homes sales in the Greater Toronto Area (GTA) remained low in January, the Building Industry and Land Development Association (BILD) says low prices and steady inventory are creating buyer-favourable conditions.After months of historic lows, including a December that saw new home sales hit their lowest point in 40 years, January posted 347 new home sales, down 40% year over year and 77% below the 10-year average, but up from only 319 s…

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Financial Post broke the news in Canada on Friday, February 21, 2025.
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