Toronto area new home sales continue to plummet, hit all-time low in July

News Room
By News Room 7 Min Read


Sales of new builds continue to plummet with July recording an all-time low for the month with very few new project releases and steadily increasing months of inventory. 

There were 654 new home sales in July, down 48 per cent from the same time last year and 70 per cent below the 10-year average, according to a Wednesday report from the Building Industry and Land Development Association (BILD).

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