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Borrowing Costs and Housing Supply Impacting the GTA Real Estate Market
Toronto Regional Real Estate Board TRREB Calls for Longer Amortization Periods and More Flexible Stress Test TORONTO, Sept. 02, 2022 (GLOBE NEWSWIRE) — There were 5,627 home sales reported through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in August 2022, representing a year-over-year dip of 34.2 per cent – a lesser annual rate of decline compared to the previous four months. The August sales result also represented a month-over-month increase compared to July. Sales represented a higher share of new listings compared to the previous three months. If this trend continues, it could indicate some support for selling prices in the months ahead. On a year-over-year basis, the…