People still want nothing to do with Toronto’s turbulent housing market

The Toronto Regional Real Estate Board's October report shows that the Toronto housing market is still struggling due to high interest rates and expensive cost of living. Despite record immigration numbers and a "relatively resilient" economy, the number of home sales across the GTA was down 5 per cent compared to the month prior and 5.8 per cent compared to October 2022. Home prices remain well below their record peak from the beginning of 2022, and listings are sitting on the market for much longer than usual.