Canadian Real Estate News
|Elevated Borrowing Costs Taking a Toll on Housing Affordability|
|Tuesday, December 5, 2023|
High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year.