Greater Toronto home sales drop in March amid trade concerns, real estate board says
Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.
The Toronto Regional Real Estate Board said 5,011 homes were sold last month, compared with 6,519 in March, 2024. Sales were down 2.4 per cent from February on a seasonally adjusted basis.
Meanwhile, 17,263 new properties were listed in the GTA last month, up 28.6 per cent compared with last year. Total inventory in the region surged 88.8 per cent to 23,462.
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