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Unless I'm reading the reports wrong, according to the Toronto Real Estate Board (TREB) the average price of a detached housed in the "416" (Toronto) area in Ju
by megaman2 9y ago
Unless I'm reading the reports wrong, according to the Toronto Real Estate Board (TREB) the average price of a detached housed in the "416" (Toronto) area in July 2017 was $1,304,288. In August it was $1,191,052.
So that means a -8.7% change from July to August alone.
Numbers for recent months - Detached houses in "416" area code:
August: $1,191,052
July: $1,304,288
June: $1,386,524
May: $1,503,868
April: $1,578,542
http://www.trebhome.com/market_news/release_market_updates/news.htm http://www.trebhome.com/market_news/release_market_updates/n...
- acchow 9y agoYou are talking average selling prices going down. We are asking about examples of actual prices of homes going down. They are not the same thing. The price of homes can actual stay flat or even go up while the average sold price goes down.
- megaman2 9y agoYeah, I get that - I was responding to a comment above about the "sales mix" between detached, townhouses, and condos. The data I referenced directly contradicts the assertions made above that the price declines were due to shifts in the "sales mix" between those three types of homes. Sure, you could argue that the prices declines were shifts within the detached housing market, but I haven't seen anyone provide data on that.