January 2017 was a terrible month for Vancouver real estate. Sales are declining, inventory is building, and prices are dropping.
The average price of Toronto real estate increased by $40k in the first month of the year, a whopping 5% increase from the month prior.
The best market in a decade didn’t exactly help Calgary real estate. Instead it saw lower prices, less sales, and more inventory.
Vancouver real estate prices received another downtick, and sales fell below the 10-year average according to the latest report from REBGV.
Toronto real estate had its seasonal drop as usual in December, but this time it was almost twice the amount of the years prior.
We take a look at Toronto real estate prices mapped by city ward and composite return on investment. It’s more interesting than it sounds.