Industry Updates: August Sales Rise, New Home Market Warnings, and Leadership Moves

GTA home sales rose 2.3% in August with increased listings, while new home sales hit a record low in July, especially for condos. A report warns of a 235,000-unit rental shortfall by 2035 due to slowed construction. Leadership changes occurred in development firms. Infrastructure projects like Ontario Line tunneling and a new medical school in Brampton mark regional growth. Industry groups plan fall events to foster collaboration.