Toronto home prices in record monthly drop as sales plunge

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Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously white-hot condo sector froze over: Detached houses -41.2%. semi-detached houses -28.7%. Townhouses -26.8%. Condos -30.8%.

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National home sales continued to plunge in February. CREA’s latest monthly statistics indicate that home sales were down in February in almost three quarters of all local housing markets. The national average house price for homes sold in February was about $494,000, down 5% from a year earlier..

On Thursday, the Toronto Real Estate Board reported that July home prices in Canada’s largest city suffered their biggest monthly drop on record amid government efforts to cool the market and the near-collapse of Home Capital Group spooked speculators. The benchmark Toronto property price, while higher 18% Y/Y, plunged 4.6% to C$773,000 ($613,000) from June.

Canada’s national average home price. monthly statistics show that home sales were down in February in almost three quarters of all local housing markets tracked by the national association. "The.

GTA home sales plunge 37.3 per cent annually Thursday, July 6, 2017 In June 2017, Greater Toronto Area realtors reported 7,974 home sales through the Toronto Real Estate Board (TREB)’s MLS System, a drop of 37.3 per cent compared to June 2016 levels.

Toronto new home sales plunge as buyers balk at spiraling prices. – Toronto new home sales plunge as buyers balk at spiraling prices. Single- family homes showed the biggest decline, plunging 50 percent to. A record 21,991 units are expected to be completed this year, up 29 per cent from 2018.. BNN Bloomberg Personalities · Weekly Schedule · Channel Guide.

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Edmonton home prices, listings drop:. mostly from abroad, are moving to Toronto, Vancouver and Montreal. A record-high number of homes for sale made Edmonton’s real estate market.

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