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

Winter weather warning issued for Toronto ahead of heavy snowfall

The TTC wants to create five new dedicated bus lanes across Toronto

Someone just pooped all over a public elevator in Toronto

The TTC wants to shut down subways even more frequently next year

This is what caused the TTC subway shutdown during last night's commute

The TTC is shutting down 6 subway stations this weekend

Vote for your favourites in 15 new best of categories

The TTC will be totally free all night on New Year's Eve in Toronto