Condo sales outpace other GTA housing types

Condominium apartment sales in the Greater Toronto Area rose 14.3% year-over-year in June, leading the housing market rebound despite a 9.5% average price decline to $630,688. Sales increased in both the City of Toronto and surrounding areas, while new listings fell 12.9%, tightening market conditions. Price declines have slowed recently, with potential for stabilization and growth if conditions continue to tighten.