Greater Toronto’s new construction housing has seen demand completely vaporize. Data from BILD GTA and Altus Group show new construction sales fell 90% in September. Prices are now falling, especially…
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US New-Home Sales Decline as Mortgage Rates Sap Demand
(Bloomberg) — Sales of new US homes fell in September, resuming a downtrend as decades-high mortgage rates push would-be buyers out of the market. Purchases of new single-family homes decreased…