market

Pace of GTA new home sales drops while inventory continues to decline and average prices increase

Sales of new construction homes slowed down in July, while the overall supply of new homes continued its unprecedented decline and prices of available homes continued to increase, the Building Industry and Land Development Association (BILD) announced today. There were 1,752 new home sales in July, according to Altus Group, BILD’s official source for new-home market intelligence. That was significantly…