toronto real estate

Toronto home sales continue to plummet

The Toronto real estate market has been taking everyone for a ride with prices, especially for detached houses, soaring higher and higher.

However, the number of sales in the city - and across the GTA - seem to be nosediving.

As the Toronto Star reports today, according to real estate site Realosophy, sales across the GTA were down 44 percent last week compared to the week prior. Since the market's so topsy-turvy, Realosophy has been tracking sales data on a weekly basis.

Apparently sales have been down over the past eight weeks, likely because there's been an influx of properties hitting the market.

Last week, the Toronto Real Estate Board released its monthly stats, which showed that home sales in the GTA were down 26 percent since May 2016.

Lead photo by

Toursler


Join the conversation Load comments

Latest in City

Condo of the week: 850 Richmond Street West

It could get ugly in Toronto as competing rallies square off

Toronto stores already selling Christmas decorations and people aren't happy

98-storey monster condo one step closer to reality in Toronto

Toronto Waterfront Marathon road closures and route info

Toronto's hidden Diversity Garden just got a makeover

Uber just got new ridesharing competition in Toronto

Rental of the week: 9 Givins Street