Condo sales plummet as rents spike in the GTA
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There were close to 4,200 condo sales reported through MLS in Q3, compared to nearly 7,800 over the same period last year. TRREB says the number of new listings was also down in Q3 by 16 per cent to upwards of 10,200. The average selling price was up slightly— approximately $720,000 compared to $690,000 in 2021.
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