Real estate slowdown in Toronto, Vancouver continues, as prices fall from pre-rate hike highs
Average selling price in Greater Toronto Area has fallen by 14 per cent since February!
The slowdown underway in Canada’s two most expensive housing markets continued in June, with new numbers showing the number of homes sold in Toronto and Vancouver fell by more than a third, and average prices have now declined for several months in a row.
The Toronto Regional Real Estate Board (TRREB) said 6,474 homes were sold in the Greater Toronto Area last month, down by 41 per cent compared with last June.
As was the case in many parts of Canada, house prices in and around Toronto exploded during the COVID-19 pandemic, […] Read more