New GTA home sales in June were down a whopping 60% from last year, report finds

New GTA home sales in June were down a whopping 60% from last year, report finds

New home sales in the GTA remained “extremely low” in June, decreasing a whopping 60 per cent from a year prior and sitting 82 per cent below the 10-year average, a new report has found.

GTA New Home Sales Remain at Near-Historic Lows in June Amid Prolonged Downturn

Toronto, July 24, 2025 (GLOBE NEWSWIRE) -- Greater Toronto Area, July 24, 2025 – Greater Toronto Area (GTA) new home sales remained extremely low in June, showing no fundamental change from previous months and continuing to indicate a stalled market,…

“Prolonged Downturn”: GTA New Home Sales Down 80% From Historical Norm

The Greater Toronto Area's (GTA) "prolonged downturn" in new home sales continued with its sloping trajectory in June, according to the latest data from Building Industry Land and Development Association (BILD) and Altus Group.In a "near-historic low," just 510 new homes were sold last month, up from a measly 345 in May — however, that figure was higher than it was in any month since the beginning of the year. Still, June's sales remain 60% belo…