Toronto house prices continue to fall as new lending rules bite

Thursday, 15 March 2018

Earlier this month, it was suggested that the wheels were falling off Canada’s biggest housing market – Toronto- with the Toronto Real Estate Board (TREB) reporting that house sales had fallen by around a third year-on-year in the Greater Toronto area, with average sales prices for all dwelling types also down 12.4% year-on-year to $767,818, and listings rising:

Now, Teranet has reported its results for February, which recorded further falls in Toronto:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.