The Greater Toronto and Vancouver areas posted significant decreases in home sales in 2023. The regions are the largest housing markets in the country, but were impacted by high borrowing rates. The Toronto Regional Real Estate Board’s latest data shows some 66,000 home sales for the year, down 12 percent from the previous year. In Metro Vancouver, sales fell by 10.3 percent to 26,000.
Home sales decline in Toronto, Vancouver areas
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