Real Estate
Toronto Home Prices Are Down 17% as Sales and Listings Plunge
- Barely 5,000 homes sold in Canada’s largest city in September
- Traders see central bank raising benchmark rate again Oct. 26
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Toronto home prices dipped again in September and have now fallen 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals.
The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, according to data released Wednesday from the Toronto Regional Real Estate Board.