September 2023

Higher Borrowing Costs Continue to Impact Housing Market in August

Posted on Sep 19, 2023

TORONTO, ONTARIO, September 6, 2023 - Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted mo...

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