GTA condominium prices fell to $651,000 in July, the lowest since February 2021.
Condo values dropped 9.3% year-over-year, outpacing the broader market’s 5.5% price decline.
A record influx of newly completed condos is extending selling times and increasing negotiation opportunities.
Sales volumes rose 5.8% in July, marking the strongest July since 2021 despite falling prices.
Listings surged 26% year-over-year, keeping market conditions favourable for buyers across the GTA.
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