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Resale Housing Market in Toronto and GTA drops to pre 2005 levels
CURRENT TORONTO REAL ESTATE MARKET STATS
Our real estate market is now:
- 18% lower than 2007 or
- 10% lower than 2006.
- 21% drop in sales in Toronto same period a year ago
- 16% drop in sales in 905 areas same period a year ago
- 11% drop in GTA sales prices: ...
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According to CMHC’s newly released Renovation and Home Purchase Report - Major Market Highlights, a large share of intenders will be first time buyers. Close to half (48 per cent) of purchase intenders will be first time buyers with the majority...(read more)
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