Housing Market Recap Greater Toronto Area August 2017

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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.