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Toronto Housing Sales Plunge 13.3% Amid Economic Uncertainty

6/6/2025

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Summary

Story summary

Toronto's housing market is feeling the pinch, with May 2025 witnessing a significant 13.3% drop in sales to 6,244, even as new listings soared to 21,819. The average home price dipped to $1,120,879, reflecting economic uncertainty that has shaken buyer confidence. Condos are hit hardest, with a staggering 25% decline in sales.

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Story summary

Toronto's housing market is feeling the pinch, with May 2025 witnessing a significant 13.3% drop in sales to 6,244, even as new listings soared to 21,819. The average home price dipped to $1,120,879, reflecting economic uncertainty that has shaken buyer confidence. Condos are hit hardest, with a staggering 25% decline in sales.