Holiday joy skipped Toronto real estate in December. According to the latest numbers from TREB, single-family detached homes dropped 4%.
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.
Vancouver real estate threw some more mixed indicators last month, as the condo market saw stagnated prices, but higher absorption.
Toronto condos sold for higher prices, and even faster than last year – despite concerns that the market may be driven by speculation.
Latest numbers from the Toronto Real Estate Board show continued strong demand for single family homes in the GTA.
Vancouver real estate got some more bad news from the REBGV. The benchmark average for a single family home fell up to $193k in just 30 days.
Vancouver real estate felt further pressure in November, with the composite average of homes falling $11,000 from October.
Toronto real estate was impacted minimally by new mortgage rules, as the first full report since the changes showed continued strong demand.