In a shocking turn of events, the Greater Toronto Area (GTA) has hit a grim milestone: new home sales have plummeted for the seventh consecutive month, reaching unprecedented all-time lows. This trend has surpassed even the downturn experienced during the challenging '90s.

As market analysts and potential buyers alike watch in disbelief, experts are left wondering what this could mean for the economy moving forward. The sustained downturn is raising alarms about housing affordability and what it might imply for future investments in the region.

Could this prolonged slump lead to a housing market crash, or are buyers merely biding their time in anticipation of better days ahead? One thing is clear: the GTA real estate landscape is shifting dramatically, making it a focal point for discussions on economic resilience and housing strategies.

Stay tuned as we continue to monitor this unfolding story, which could have significant implications for homeowners, investors, and the overall health of the Canadian economy.