City
Amy Grief
Posted on January 20, 2017
Report Inaccuracy
toronto real estate market

Toronto's real estate market shows its first sign of weakness

City
Amy Grief
Posted on January 20, 2017
Report Inaccuracy
Latest Videos

Toronto's real estate market burned red hot throughout 2016. Last year, we once again smashed a record for home sales. The market might, however, be showing signs that it's very slowly starting to cool down.

As Global News reports today, based on Toronto Real Estate Board data, between November and December 2016, the average price of a detached house dropped nearly 4 per cent - the biggest decrease within the past two years.

Global notes that it's normal for this number to dip between November and December, but this drop is greater than the declines witnessed in both 2014 and 2015.

Lead photo by

Julia Nathanson
Latest Videos

Latest Videos

Join the conversation Load comments

Latest in City

Ontario to start discouraging employers from asking for doctors' notes to prove illness

Secret walled-off staircase is all that remains of long-lost Toronto train station

Toronto's most cursed intersection appears to finally finish years-long construction

Ontario temperatures about to spike and it will feel like 30 degrees this weekend

Shocking video shows another brazen robbery at Toronto jewellery store

Ontario is about to change the speed limits on some major highways

Self-replicating predatory 'water fleas' are taking over Ontario lakes

TTC will shut down a large stretch of subway this weekend