HOMES SALES DOWN ACCORDING TO TRREB PRESIDENT!
Thursday Jul 06th, 2023
Seasonally adjusted sales were down in Toronto’s housing market in June compared with the previous month, although demand for homeownership remained stronger than the same time in 2022.
That’s according to the latest market figures released by the Toronto Regional Real Estate Board (TRREB), whose president Paul Baron said in an accompanying statement that uncertainty over inflation and possible further Bank of Canada rate hikes had “hampered” June activity.
The board said 7,481 sales had taken place in June, a 16.5% jump on a year-over-year basis but down from 8,997 in May.