After Meteoric Rise, Toronto Housing Prices Coming Down Fast
After a blockbuster years of rapidly rising home prices in 2015, and 2016, the cost of houses in Toronto is now trending downward sharply. According to the Toronto Real Estate Board, the typical detached home lost $114,000 (Canadian Dollars) of value this year.
Comparing year-over-year prices, the news for those looking to sell detached houses is also bad. "The average sale price of a detached home is still negative, but a little better than the month before. The average detached sold for $1,030,103 across TREB, a 14.4% decline compared to last year," Kaitlin Last writes for Better Dwelling. The stock of homes actively listed has swelled to close to 11,000 homes compared to less than 3,000 in January of this year.
Meanwhile, condo prices continue to rise in the city.
- Google's San Jose Transit Village Plans Revealed
- The Varied Career of a Transit Service Planner
- The Life and Death of Neighborhood Rebrandings
- City to Bicyclists: Berkeley Not in Idaho
- 150 Acres of Undeveloped Land to Become 2,350 Homes Outside Denver
- France's Transit Ridership Booms as the USA's Busts
- Kanye West's Unpermitted Vision for Housing Utopia Has Been Demolished
- The Great Flood of 2019, Visualized
- The High Cost of Cool Air
- California Cities That Plan Housing Might Now Have to Build it
- First Steps to Combat Homelessness in Denver Suburbs
- Watch What Happens When Parking Disappears From an Amsterdam Street
- U.S. EPA Report Assists the Water Reuse Cause
- $14 Billion Deal for Texas High-Speed Rail Construction
- Environmental Law, Resistance to Trump Administration Splits California Democrats
- 2021 Opening Expected for San Francisco's Central Subway
- 'No Crossing' Signs in Portland Limit the Public Way, Say Critics
- Increasing Passenger Rail Service from Pittsburgh Would Be Costly, Studies Show
- Revel Mopeds, a New Addition to the Micromobility Landscape
- $51 Billion Capital Investment Plan Sets Records for New York MTA
