New single-family home sales fall to record low

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There was a slowdown in new home sales in the Greater Toronto Area in November with sales of new single-family homes falling to a record low.

The Building Industry and Land Development Association (BILD) says that there were 3,473 sales of new homes in the GTA in November according to Altus Group data.

Condos made up 91% of the sales (3,161 units) and were 28% above the 10-year average but 8% down from November 2016.

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