Toronto Real Estate Sees Biggest Loss Since 2009

Teranet: Canadian Real Estate Prices Continue To Decelerate, Smallest Growth Since 2009

Toronto real estate continued to see declines in non-condo segments. The Teranet HPI for all home types increased 0.84% in July, bringing the annual change to a loss of 4.01%. The annual gain is the lowest we’ve seen since July 2009, but there was a positive note. Analysts observed that condo prices reached a new all-time high, bucking the market. This means all losses were reserved for other types of homes.  Read the full article from BetterDwelling here

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