Past few yr, Toronto real estate faced uncertainty, not just pricing pressure.
Rates jumped after early 2022; borrowing costs stayed far above pandemic lows.
Inventory MoM ↓ to ~4.7; new listings lower yearly, easing post-correction rush.
Affordability still hurts, but clearer expectations can shift buyers from waiting to planning.
More Ontario housing policy support aims to rebuild confidence among households and builders.
Leaders stress certainty; market psychology ties to policy consistency, jobs, trade, confidence.
Toronto-area new home sales rise, but remain below 10-year average
Toronto-area new home sales rose 16% in February to 531 units but remain 76% below the 10-year average of 2,250. Despite the slow market, sales are expected to increase due to reduced provincial sales tax,...