June sales were just 510 units, 82 per cent below the 10-year average for the month. Photo by James MacDonald/Bloomberg
There were just over 300 new homes sold across the entire Toronto region in April. A population of about 6.4 million people was mainly too scared to pull the trigger.
It was one of the worst months ever for sales, according to the Building Industry and Land Development Association. The market hasn’t improved much since.
But that didn’t stop Kim Meszaros, an insurance adjuster in her late 50s, who is one of the few to have jumped into the frigid waters of Canada’s largest housing market in recent months.
“It wasn’t really planned but at this stage, because I’m not quite retired, but I am looking ahead,” she said, adding she has been in the same house for 20 years