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 Borrowers Gain Opportunities as Home Prices Adjust
Most Canadian mortgage borrowers have managed higher renewal payments despite falling home prices, but reduced equity limits refinancing options for highly indebted homeowners, especially in Toronto. About 4% of borrowers nationally and 9% in Toronto...
