Toronto-area home sales down 9.5 per cent in October from last year
Global News
AI Article Summary
Home sales and prices in the Toronto area have declined in October compared to the previous year. The decrease is attributed to ongoing economic uncertainty according to the city's real estate board.
What This Means for Canadian Contractors
For Canadian builders, this means potentially fewer residential projects as the demand for homes decreases, leading to a potential slowdown in residential building permits. Contractors may need to adjust timelines and budget forecasts accordingly to accommodate changes in the market.
