New home sales in the Greater Toronto Area were [↑](color-green) in June yearly.
However, sales were significantly below the 10-yr avg, indicating a slowdown in the market.
Escalation in interest rates is affecting demand, pushing some buyers to the sidelines.
Interest Rate Escalation Impacts Home Sales in the GTA
![](https://teambains.com/wp-content/uploads/2023/09/image_131976_20001.jpg)