City
Amy Grief
Posted on January 20, 2017
Report Inaccuracy
toronto real estate market

Toronto's real estate market shows its first sign of weakness

City
Amy Grief
Posted on January 20, 2017
Report Inaccuracy
Latest Videos

Toronto's real estate market burned red hot throughout 2016. Last year, we once again smashed a record for home sales. The market might, however, be showing signs that it's very slowly starting to cool down.

As Global News reports today, based on Toronto Real Estate Board data, between November and December 2016, the average price of a detached house dropped nearly 4 per cent - the biggest decrease within the past two years.

Global notes that it's normal for this number to dip between November and December, but this drop is greater than the declines witnessed in both 2014 and 2015.

Lead photo by

Julia Nathanson
Latest Videos

Latest Videos

Join the conversation Load comments

Latest in City

Canadians can get gift card in Ticketmaster class action and here's who is eligible

Here's what the new Bank of Canada interest rate cut means

2025 declared 'the year of digging' for $27 billion Ontario Line

Here's why one guy kept making Avatar references at Toronto City Hall meeting

Locals impatient about Toronto venue under repair for ages with no end in sight

Lawsuit filed after deaths of Toronto mother and son on trip to Dominican Republic

Controversial Toronto project will make traffic even worse than initially thought

Ontario Child benefit can get parents almost $1,700 per kid every year