Condominium apartments led the Greater Toronto Area's sales rebound in June with a 14.3% year-over-year increase, despite posting the steepest price decline among housing types. Average condo prices fell 9.5% to $630,688, with larger drops in the 905 region. Sales gains occurred amid a 12.9% drop in new listings, tightening market conditions. Price declines have slowed recently and may stabilize or rise if conditions continue tightening.
Continue to full article
