February sales: 3,868, ↓6.3% yearly; seasonally adjusted sales ↓1% from January.
Average price $1,008,968; composite benchmark ↓7.9% yearly; both also ↓ seasonally adjusted MoM.
New listings 10,705, ↓17.7% yearly; active listings 19,414; inventory ↓2.4%.
Board says buyers wait for prices to level off; some also hope for positive international trade news.
100,000 buyers holding off; momentum could return in second half of this year into 2027.
Toronto Buyers Enjoy More Negotiating Power in Home Market
Toronto area homebuyers are increasingly negotiating below asking prices as market conditions shift from a seller's market to a more balanced one. In July, 78.1% of homes sold below asking, with a median discount of...
