Greater Toronto Area home sales experienced a downturn in February, according to the Toronto Regional Real Estate Board (TRREB). Sales fell 6.3% compared to February 2025, with 3,868 homes changing hands. The average selling price also decreased by 7.1% year-over-year, landing at $1,008,968. New listings saw a significant drop of 17.7%, suggesting both buyers and sellers are hesitant. TRREB anticipates increased competition if listings remain low, potentially driving prices up. Experts suggest pent-up demand exists, with over 100,000 buyers waiting for market stabilization and positive economic signals. Condo sales saw the largest decline at 12%. For a deeper dive into the February market data and expert analysis, check out the full article on CTV News.
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