Monthly Archives: September 2017

Month: September 2017 Toronto home prices drop more in August, 2017

The Toronto Real Estate Board (TREB) reported that the average cost of a home in August — $732,292 (including all house sorts and condos) — was still up 3 per cent or about $20,000 to August, 2016. But that is still down about 20 per cent, or $187,000 lower than April, 2017 when the average cost peaked at $919,086. The number of housing sales in August also fell, 34.8 per cent on year over year.     Mr. Doug Porter, manager economist at BMO Financial Group, who was among the first to use the word “bubble” to describe Toronto’s soaring

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