There were fewer multiple unit projects after strong numbers in June
Although about half of baby boomers plan to downsize, 56% said they consider the neighbourhoods they currently live in to be unaffordable
Residential home sales were up by 18.6% in the GTA while the average selling price rose by 4.8% in July
Housing sales mark the first substantiative month-over-month increase this year
The Greater Toronto Area saw affordability improve slightly as a dip in home prices counteracted higher interest rates
Fewer condos, townhomes and other multi-unit projects started up in some urban areas last month
The pace of starts in urban areas fell 4.7% in April to 198,090
National average price down 10.4%: CREA
The seasonally adjusted annual rate increased to 229,737 units whereas economists had been expecting 216,600
Toronto and Vancouver increasingly vulnerable to a correction