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Home sales in Toronto drop 13.3% in May, signaling economic concerns and low consumer confidence.
Home sales in the Greater Toronto Area dropped 13.3% in May, with 6,244 homes sold, reflecting a weakening economy and softening consumer confidence.
Despite a 14% increase in new listings and a 4% decrease in average selling prices to $1,120,879, the market remains sluggish.
The Toronto Regional Real Estate Board's chief information officer, Jason Mercer, predicts a recovery once trade stability with the US is restored.
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Las ventas de viviendas en Toronto caen un 13,3% en mayo, señalando preocupaciones económicas y baja confianza de los consumidores.