The Toronto Regional Real Estate Board says January home sales were down 44.6 per cent from the same month a year ago, falling in line with expectations as the number of sales and average selling price were similar to December 2022.
New listings were down 3.7 per cent year over year at 7,688, but were up from 4,074 in December, while active listings were up 124.6 per cent from last year.
Those plunging sales is a sure sign that prices will also fall by similar per cent.
“in line with expectations” 🤡
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