Tuesday, February 20, 2018

Toronto’s deflating run away housing prices, in one chart


Home sales in Canada’s largest metropolis slowed down for the third largest month in a row, according to numbers released from the Toronto Real Estate Board. That came as new listings rose nearly 16 per cent, and as active listings surged over the year before.

The average house price still increased 6.3 per cent on the year 2017, but that’s well off the blistering pace of annual price increases merely a few months ago.


The June numbers delivered further evidence that the raft of new measures implemented by the Ontario government in April, 2017 –from a new foreign customers taxation to lease controls — are starting to take their effect.

The next few months will be crucial in determining whether the Toronto housing market has simply stumbled, or if this is the start of a deeper correction.

Here’s a look at how Toronto real estate market over the first six months of 2017 is comparable to last year in 2016:

Source: Maclean’s Magazine


Please follow and like us:
Follow by Email
Image 21 RE Post Card Side 1 Bottom Rev 2 - Screenshot - 05_02_2016

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Search all Toronto Homes and Condos. If you want to sell your house or condo, call or text Max Seal, Broker at 647-294-1177 for an appointment with no obligation or for more information.

Enjoy this blog? Please spread the word :)

  • RSS
  • Follow by Email
  • Facebook
  • Google+
  • Twitter
  • Pinterest
  • LinkedIn