Tim Carney argues that real family policy must go beyond government subsidies
Tim Carney argues that real family policy must go beyond government subsidies
Lithuania – A shining city on the front lines of democracy: Active Measures with Marcus Kolga

Greater Toronto home sales down as mortgage costs, trade war weigh on buyers: board [Video]

Categories
Canadian Economy and Markets

Home sales in the Greater Toronto Area fell by more than one-quarter in February compared with a year ago despite buyers maintaining “substantial” negotiating power.

The Toronto Regional Real Estate Board said Wednesday that 4,037 homes were sold last month, down 27.4 per cent compared with 5,562 in February 2024.

Sales were down 28.5 per cent from January on a seasonally adjusted basis.

“Many households in the GTA are eager to purchase a home, but current mortgage rates make it difficult for the average household to comfortably afford monthly payments on a typical property,” said TRREB president Elechia Barry-Sproule in a press release.

The average selling price declined 2.2 per cent compared with a year earlier to $1,084,547, as the composite benchmark price, meant to represent the typical home, was down 1.8 per cent year-over-year.

Story continues below advertisement

Meanwhile, 12,066 properties were newly listed in the GTA last month, up 5.4 per cent …

Jon Rahbek-Clemmensen on the crucial choice facing Greenland
Jon Rahbek-Clemmensen on the crucial choice facing Greenland's geopolitical future
Japan’s struggle against disinformation: Kyoko Kuwahara for Inside Policy