Housing sales in the Greater Toronto Area (GTA) hit a record-breaking low in April, according to recent numbers.
New home sales dropped 56 percent in April, the Building Industry and Land Development Association (BILD) said, adding they are 65 percent below the 10-year average. Sales of single-family homes were down 45 percent from the same time last year, and 48 percent below the 10-year average. Condo sales are 64 percent lower from April 2023, and 75 percent below the 10-year average.
