GTA home sales down 16% in June despite Bank of Canada's rate cut: real estate board
The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.
![GTA home sales down 16% in June despite Bank of Canada's rate cut: real estate board](https://i.cbc.ca/1.6408521.1674772559!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/toronto-home-sales-20210929.jpg)
![A couple whose Toronto house was sold without their knowledge is calling for the Ontario government to enact tougher legislation to prevent others from being victimized in the same way. A for sale sign.](https://i.cbc.ca/1.6408521.1674772559!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/toronto-home-sales-20210929.jpg)
The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.
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