Ontario's housing market remains sluggish with February home sales down 8.1% year-over-year and over 35% below the decade average. Active listings hit a decade high at 49,884 units, pushing inventory to 5.3 months. Average home prices fell 6.7% to $746,900, with declines across single-family, townhouse, and condo segments. Rent also dropped 5%. The market favors buyers due to elevated supply and affordability challenges, with a slow recovery expected.
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