Toronto Home-Sales Decline Highlights Canadian Slowdown
This article is for subscribers only.
The Toronto real estate market is showing signs of cooling to start the year as January sales dropped 2.2 percent to the lowest for that month since 2009.
Home sales in the nation’s largest housing market fell to 4,135 units from 4,229 units a year earlier, the Toronto Real Estate Board said today in a statement, citing a 17 percent drop in new listings. Average sales prices in the city rose 9.2 percent to C$526,528 ($475,000), the board said.