Toronto-Area Home Prices Down 18% From Last February, Sales Halved: Board

Toronto-Area Home Prices Down 18% From Last February, Sales Halved: Board
A for sale sign is displayed outside a home in Toronto on Dec. 13, 2021. Reuters/Carlos Osorio
The Canadian Press
Updated:
0:00

Greater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region’s real estate board said.

The Toronto Regional Real Estate Board (TRREB) said Friday that the average selling price for February totalled $1,095,617, roughly five per cent higher than the average January price of $1,038,390.