As we approach the second half of 2024, the housing landscape and new home prices in the Greater Toronto Area (and Canada broadly) continue to be surprisingly resilient in the face of economic headwinds. Despite historical trends suggesting a downturn in housing prices following periods of high inflation and interest rates, recent prices have moderated somewhat but have largely defied the expected convention. Here are some of the factors behind it.
Explains the hidden back end development costs well.
