Economic TimesLean R·
Toronto home sales post steepest decline since February on economic uncertainty
In September, home sales in the Greater Toronto Area saw a notable drop as economic worries loomed large for buyers. Sales fell 5.2% from August, the sharpest decline since February, while the home price index decreased by 0.5% month-over-month. Year-over-year, the sales dipped by 9%, with new listings also down by 14.4%. Analysts suggest that many buyers are holding off, hoping for stability in jobs and inflation rates.
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