GTA sees worst February on record for new home sales

GTA sees worst February on record for new home sales

Only 400 new homes and condos were sold in the Greater Toronto Area last month—while nearly 22,000 units sat on the market—marking the worst February on record for the sector, according to new data from the Building Industry and Land Development Association (BILD). The February 2025 sales figures, provided by Altus Group, represent a 50 per cent drop from the same time last year and are 84 per cent below the 10-year average (which would be 2,570…