Sep

Toronto Housing Market Slump Continues With August Drop

Average price falls 1.9% from July, real estate board says
Sales decline 35% from August last year to 6,357 deal

Housing prices in Toronto continued their summer slump in August as government regulations and fears about a market softening curbed demand in Canada’s biggest city.

The average price for all housing types declined 1.9 percent last month from July to C$732,292 ($591,225), according to the Toronto Real Estate Board. That’s down 20 percent from the March peak, when the average cost of buying a home in the Toronto region climbed close to C$1 million…

Categories : Real Estate

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Toronto Housing Market Slump Continues With August Drop

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