Housing Market Tag

Well, its official... Toronto's real estate market has shifted into negative territory in its average price.  The October market marked the first month to month price decline (0.6%) since late last year.  Toronto's real estate market has continued to soften since the new mortgage rules went into
According to CREA statistics released today, there has been little change in homes sales activity nationally.  Month-to-month change in activity from September was-0.1%, pointing to a more stable national real estate market in October.  Sales activity did improve in half of the nationals major local housing markets.  This included both Toronto and Vancouver, however, sales in both those markets were still significantly below levels reported in the first half of the year.

The Toronto Real Estate Board (TREB) has developed a new system to measure home prices and home price growth: the MLS® Home Price Index (MLS® HPI)....