Toronto is the most populated city in Canada which is apt for the real estate market. Toronto has a population of over 2.9 million people, the largest city in Canada and fourth largest in North America. The average home price as in December 2022 is over a million dollars and an -8.9% year-over-year decrease. The average household income is $65,829 and the percentage of home owners are 53%. The demand for new homes has slowed down over the first half of 2023 but according to TRREB’s (Toronto Regional Real Estate Board) 2023 Market Outlook and 2022 Year in Review Report, the…