GTA new home market flat in October
“October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.
- “October new home sales eased across the GTA while inventory levels continued to climb,” said Edward Jegg, Research Manager with Altus Group.
- There were 568 single-family home sales in October, up 47 per cent from October 2022 and 51 per cent below the 10-year average.
- The sooner the market gets indications that more moderate interest rates are on the horizon, the sooner we will see more added housing supply.
- *Altus Group should be credited as BILD’s official source of new home market intelligence.