New listings ↓~18% in Toronto as analysts cite sellers waiting out falling prices.
Toronto sales ↓~6% to ~4K, while new listings fell faster.
Prices kept sliding: Toronto avg. ~$1M, yearly ↓~7%.
Sales have fallen yearly for 5 straight mo; boards expect continued chill, though fewer listings could boost competition.
Toronto condos lagged: sales ↓~12%, prices ↓~9%; recovery may take years.
CMHC says development charge cuts could boost housing starts 14%
Scrapping municipal development charges could boost housing starts by up to 14% in expensive Canadian markets like Burnaby, Vancouver, and Toronto. Reducing or eliminating these fees makes more construction projects financially viable, especially in high-cost...
