Toronto Home Sales Dip 1.7% in July 2024

08 Aug 2024 CW Team

In July 2024, Toronto witnessed a 1.7% decline in home sales, signalling a slowdown in the city's real estate market. This dip follows a trend of cooling activity in the housing sector, influenced by rising interest rates and economic uncertainties.

The decrease in sales volume contrasts with the previous year's robust market performance. Analysts attribute the slowdown to a combination of higher borrowing costs and market adjustments following a period of rapid price increases.

Despite the decline, average home prices in Toronto have remained relatively stable, supported by ongoing demand for residential properties. However, the moderation in sales suggests a shift in market dynamics, with potential buyers taking a more cautious approach.

Real estate experts are monitoring the situation closely, as the market adjusts to these new conditions. The impact of further interest rate changes and economic developments will be crucial in determining the future direction of Toronto's housing market.

As the city navigates these challenges, stakeholders are advised to stay informed and consider both current market conditions and long-term trends when making real estate decisions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..