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GTA Real Estate Cooling But Inventory Shrinks | Winnipeg News
Published 3 weeks ago
Description
Toronto’s real estate market cooled slightly in July, with year-over-year sales down 0.9%, but month-to-month sales rose 3.2%. Average prices dropped 4.5% to $1.3956M, and new listings plunged 17.8%, shrinking inventory to just 26,098 active homes. With fewer homes on the market and buyer demand steady, sellers may gain leverage as the market tightens.
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