Toronto Home-Price Declines Accelerate Amid Trade War With US
Homes in Toronto.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
The slump in Toronto home prices deepened in April as ongoing uncertainty over Canada’s trade war with the US causes listings to pile up on the market.
The benchmark price of a home in Canada’s largest city fell 5.4% in April from a year earlier to C$1.01 million ($730,790), according to non-seasonally adjusted data released Tuesday by the Toronto Regional Real Estate Board. That’s a steeper decrease than the 3.8% price decline in March.