New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact inventory levels, a new report by a real estate research group suggests.
New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact inventory levels, aUrbanation Inc. says that just 3,159 new condo units were sold in the Greater Toronto and Hamilton Area during the first half of the year, representing a 57 per cent decline from the same time period one year prior and a 72 per cent drop as compared to the 10-year average.
In June the average selling price of a home in the Greater Toronto Area across all property types was $1,162,167. That is down from a peak of $1,334,062 in February 2022, which was the prior to the Bank of Canada beginning its interest rate hiking cycle.
Shortly before 11 a.m. Thursday, police in northwestern Ontario lifted a shelter in place for residents of the Kejick Bay community of Lac Seul First Nation following an 'ongoing threat to public safety.'Two deaths as a result of a listeriosis outbreak linked to a plant-based milk recall are in Ontario, provincial health officials confirmed Thursday.
'I saw a lot of police running towards the house,' London Police shoot man after responding to a report of domestic violence. A father in St. John's, N.L., is suing the Newfoundland and Labrador government over his son's death last year in the province's largest jail.For the next week, at 12:30 sharp each day, volunteers will board ships in port and try their best to make music out of the ship's horns — and whatever else the listener hears — in downtown St. John's.Ground crews are set to begin dousing a roaring wildfire near Labrador City that forced thousands of people to evacuate last week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto real estate: New condo sales plummeted to 27-year low in first half of 2024New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact inventory levels, a new report by a real estate research group suggests.
Read more »
Road closures in Toronto this long week for Toronto Pride and Canada Day 2024 eventsHere are some of the closures for Toronto Pride and other events if you're getting around the city this Canada Day long weekend.
Read more »
Headed to the Stratford Festival this year? Here's what you need to knowJuan Chioran as Brother Jeremiah in Something Rotten!, part of the 2024 Stratford Festival 2024.
Read more »
Toronto forward Natalie Spooner voted IIHF top female hockey player for 2024Natalie Spooner had a PWHL-leading 20 goals and 27 points for Toronto this season on the way to being named the league MVP and top forward.
Read more »
The Toronto Pride Parade route map and road closures for 2024The Toronto Pride Parade 2024 is right around the corner, taking to the streets of downtown Toronto this Sunday, June 30. The parade is, without a ...
Read more »
PWHL Toronto sign 2024 draft pick Raygan Kirk to two-year contractKirk had a 22-2-0 record with a .945 SV% with the Buckeyes last season, leading them to a National Championship....
Read more »