Industry Updates: August Sales Rise, New Home Market Warnings, and Leadership Moves

The Greater Golden Horseshoe region's real estate market experienced a mix of growth and challenges in August. The Toronto Regional Real Estate Board reported an increase in home sales, but new home sales hit a record low in July according to BILD and Altus Group. Additionally, a rental shortfall of 235,000 units is expected if construction delays continue. Meanwhile, significant leadership changes and infrastructure developments, including the unveiling of tunnel boring machines for the Ontario Line, highlight ongoing investments in the region.