Toronto home prices are down 14% from a year ago, sales down 44%

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Toronto home sales down 44%, prices down 14% from last year, according to the Toronto Regional Real Estate Board. Find out more

on Feb. 3, the GTA’s composite benchmark price fell by 0.23 per cent to $1,078,900 in January from $1,081,400 a month earlier while the average price of homes sold dropped to $1,066,668 from $1,099,125.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

New listings, meanwhile, were down 3.69 per cent to 7,688 from 7,983 in January 2022. The board noted that although theRecommended from Editorial

 

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We sold our small modest house in 2.5 days after going live on mls for $40k over ask. More than triple what we paid for it. Don't be greedy folks. Price them right and they still sell fast.

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