toronto real estate

Toronto house prices continue to decline

It finally be heating up outside, but the Toronto real estate market feels like it's cooling down with sales and prices continuing to fall.

As BNN reports today, the Toronto Real Estate Board indicates that housing prices have dropped 20 percent since April. The average selling price of a GTA home was $731,614 in the first two week of August.

In the first 14 days of the month, sales were down 35.6 percent since last year.

Earlier this week, an economist from the National Bank of Canada predicted housing prices would continue to drop in the coming months.

Lead photo by

christinelouiseirois


Join the conversation Load comments

Latest in City

Toronto neighbourhood has had enough of break-ins they say are from respite centre

Toronto temperatures to swing by 18 C in less than 12 hours this week

Americans mistakenly think Toronto is the model for good public transit

Toronto store lends bike to frontline worker who got his stolen during hospital shift

Toronto man with 8 lifetime driving bans busted for speeding

Amazing Toronto magician James Randi was one of a kind

Some people plan on trick-or-treating in Toronto despite public health advice

The lost beauty of the TTC's original colour scheme