Sales of newly built homes in the Greater Toronto Area (GTA) hit a new low in July, breaking the previous record set just two months earlier, a building association says.
In July, just over 650 new homes were sold, marking a 48 percent drop from July 2023 and a 70 percent decrease from the 10-year average, the Building Industry and Land Development Association (BILD) said in a release on Aug. 28.
