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. New listings also lag figures from a year ago, amounting to 8,367 in February. That number is down 41 per cent from a year earlier, but TRREB sees changes coming.
Our homes will likely continue to decline in value for the rest of the decade. Another 65% decline by 2030 is imminent.
Holy shit ! It’s happening
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