February saw a slowdown in home sales across Canada, including the GTA, with an 8.1% year-over-year decrease. Despite the dip, the Canadian Real Estate Association (CREA) remains optimistic about a strong spring market, anticipating pent-up demand from first-time buyers. While national average sale prices edged down slightly, experts suggest waiting for further price drops might be risky as the market could become more competitive. Regionally, Ontario, along with BC and Alberta, experienced year-over-year price declines, creating opportunities for buyers in the GTA. Economists note that while winter weather contributed to the slow start, underlying demand remains a key factor. For a deeper dive into the latest market trends and expert insights, read the full article on TheStar.com.
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