Every month, BILD publishes data on new home sales in the Greater Toronto Area and we recently released the data for July, which showed that new home sales have continued to decrease in the summer months. It is becoming increasingly clear that any return to a healthy market is not just a matter of waiting for interest rates to drop. Our data paints a stark picture of a housing market that is struggling with deep structural issues, which have made the cost to build too high and, as a result, new homes that are too expensive for prospective new home buyers.