Jul 7th, 2017
Toronto Home Demand Slides as Sales Drop Most in 8 Years
A series of government measures and the prospect of higher interest rates boosted listings and sparked the biggest sales decline in more than eight years last month, the Toronto Real Estate Board reported Thursday. Average home prices rose just 6.3 percent to C$793,915 ($612,000), the smallest annual increase since January 2015. Bloomberg's Katia Dmitrieva reports. (Source: Bloomberg)
