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June 2020 - Posts

GTA Detached House Sales in June Exceed 2019 Levels in Some Markets
In mid-March, Ontario declared a state of emergency due to COVID-19, and within three weeks, the Bank of Canada cut the overnight interest rate to a decade-low of 0.25%, and half a million homeowners deferred their mortgages. As expected, many buyers Read More...
Toronto region new home sales hit 20-year low
New construction home sales in the Toronto region have hit the lowest level for May since 2000, down 81 per cent year over year, according to the home-building industry association. It’s not clear how long the disruption will continue, said David Read More...