Toronto-area home prices down 18% from last February, sales halved: board

said Friday that the average selling price for February totalled $1,095,617, roughly five per cent higher than the average January price of $1,038,390.

February's pricing data signals average selling prices are levelling off after trending lower through the spring and summer of last year, TRREB said.TRREB found the share of home purchases below $1 million sat at 57 per cent last month, up from 38 per cent during the same time period last year. February sales totalled 4,783, down 47 per cent from 9,028 a year earlier. In comparison, January recorded 3,094 sales.

Ipsos polling the board has seen suggests buying intentions have picked up for 2023, said Jason Mercer, TRREB's chief market analyst.

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Toronto-area home prices down 18% from last February, sales halved: boardGreater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region's real estate board said. Yea maybe people are finally realizing what an expensive hellhole this place is. Zero sympathy. If you bet on forever good times..you lost 🤷🏾‍♂️
Source: CP24 - 🏆 30. / 67 Read more »