Seventh Consecutive Month of Record All-Time Lows for New Home Sales in GTA Eclipses 1990s Downturn

Seventh consecutive month of record all-time lows for new home sales in GTA eclipses 1990s downturn

New home sales in Toronto hit a seventh consecutive month of record all-time lows according to a new report, eclipsing the 1990s downturn.

Toronto-area new home sales are worse than during the 1990s housing market crash

April new home sales were 89 per cent below the 10-year average, according to BILD, which warns of a dire housing shortage in the Toronto area.