Housing Market Recap Greater Toronto Area August 2017

Housing Market Recap Greater Toronto Area August 2017

Prices have continued to fall in the Greater Toronto Area with the average home price decreasing by 1.9%. Toronto officially has a balanced market with sales to new listings ratio reaching 55%.  This trend is on par with the market in 2005 and 2010. As well, on average homes sold for 97% of the asking price compared to 110% in April 2017 in the Greater Toronto Area.

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