Sales of homes declined steeply across the GTA last month compared to February of 2017, according to The Toronto Real Estate Board – as did the prices they sold for.
But take that with a grain of salt. What goes up must come down.
TREB’s most-recent monthly market figures report, released on Tuesday, shows that home sales fell by 35 per cent, year over year, in February of 2018.
The over average selling price was also down by 12.4 per cent during the same time period, but, as TREB points out, Toronto did see a major price spike in the first quarter of 2017.