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New Home Sales in Toronto Down 20% From a Year Earlier

Industry Builds Inventory in Hopes of Interest Rate Cut
Toronto sales fell 20% in February from a year earlier. (Getty Images)
Toronto sales fell 20% in February from a year earlier. (Getty Images)
CoStar News
March 25, 2024 | 9:49 P.M.

New home sales in Canada's largest city continue to soften, with statistics from the Building Industry and Land Development Association showing a 20% decline last month from a year earlier.

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News | New Home Sales in Toronto Down 20% From a Year Earlier