GTA Home Sales and Listings Drop in February

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike

March 3, 2023

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially year-over-year. The result was that the average selling price and MLS® HPI continued to level off after trending lower through the spring and summer of last year.