Toronto is becoming a better and better investment as prices fall, you just need to buy when they’ve stopped falling. Right now they’re seeing quite a price drop.
Re-sale home prices in the Toronto region dropped 12.4 per cent, or about $110,000, year over year in February.
The average price fell to $767,818, from $875,983 for all housing categories, including detached, semi-detached, town homes and condos.
The number of sales also plunged nearly 35 per cent last month compared to Feburary 2017 — to 5,175 transactions from last year’s record 7,955, according to the latest statistics from the Toronto Real Estate Board (TREB) on Tuesday.
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