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New house sales in Toronto hit 20 year low


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2018 May 24, 8:47pm   1,019 views  1 comment

by Patrick   ➕follow (55)   💰tip   ignore  

https://www.thestar.com/business/real_estate/2018/05/23/new-home-sales-in-gta-hit-20-year-low-in-april.html

New construction home sales hit the lowest number for April in over 20 years, says the association that represents home builders. ...

There were 65 per cent fewer houses and condos sold last month compared to April 2017. That put the sales of single-family homes — detached, semi-detached and townhouses — 70 per cent below the 10-year average. Condos were 38 per cent below that average, according to the Building and Land Development Association (BILD).

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1   anotheraccount   2018 May 25, 9:30am  

Toronto should crash - hopefully Chinese lose a bunch of money and stop distorting normal housing markets around the globe.

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