Home sales in Greater Toronto Area plunged 37.3% last month

The number of homes sold last month in the Greater Toronto Area plunged a whopping 37.3 per cent compared to the same month a year ago, the city's real estate board said Thursday, weeks after Ontario introduced measures aimed at cooling the housing market. The Toronto Real Estate Board said 7,974 homes changed hands in June while the number of new properties on the market climbed 15.9 per cent year over year to 19,614. -- More...