City
Amy Grief
Posted on July 17, 2017
Report Inaccuracy
toronto real estate

Weak Toronto home sales drag national market way down

City
Amy Grief
Posted on July 17, 2017
Report Inaccuracy
Latest Videos

For the past few months, folks tuned into the local real estate market have been speculating that things in Toronto were starting to cool down.

According to the latest data from the Canadian Real Estate Association, home sales are down across the country. "June sales were down from the previous month in 70 percent of all local markets, led overwhelmingly by the Greater Toronto Area (GTA)," reads a report that came out today.

For the third month in a row, home sales declined in Canada. They dropped 6.7 percent from May to June 2017 and decreased by 11.4 percent in comparison to June 2016.

The CREA says this is the biggest national decline since 2010.

While listings in the Golden Horseshoe area were at all-time lows earlier this year, they're now picking up, meaning there are more homes for sale on the market.

Lead photo by

Jonathan Castellino
Latest Videos

Latest Videos

Join the conversation Load comments

Latest in City

Traffic around Toronto's Gardiner Expressway is about to get a whole lot worse

Lineups for the ferry from the Toronto Islands are already packed and chaotic

Someone tried to help at scene of Ontario crash and had their car stolen immediately

This race proves whether it's faster to 'ride the loop' on TTC subway or walk

Ontario is home to a second venomous snake species you may not know about

There's a new worst road in Ontario but Toronto's nightmare street is still up there

People are complaining about another feature of Toronto's declining waterfront attraction

Canada Child Benefit increasing soon and you could get nearly $7,800 per kid