January saw a slowdown in GTA home sales, mirroring a national trend reported by the Canadian Real Estate Association (CREA). Sales fell 16.2% year-over-year, influenced by a significant winter storm impacting Southern Ontario. While the weather played a role, some experts suggest the dip is a continuation of late 2025’s cooler market. Despite the sluggish start, CREA anticipates a 5.1% rebound in national home sales for 2026, driven by pent-up demand. The national average sale price decreased by 2.6% to $652,941, but CREA projects a 2.8% increase to $698,881 by year-end. New listings increased, offering buyers more choice. Industry insiders believe prices may have bottomed out, with stable interest rates providing more financial certainty. For a deeper dive into the January market data and expert analysis, read the full article on CTV News.
[https://www.ctvnews.ca/business/article/crea-reports-january-home-sales-fell-as-southern-ontario-was-hit-by-huge-winter-storm/]
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