The "typical" detached home in Toronto is worth $114,000 (Canadian Dollars) less now than at the beginning of the year.
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.
FULL STORY: TorontoDetached Real Estate Buyers Have Lost Over $114K Since Last Year
How California's Wildfires Affect Home Sales and Values
Redfin data show slower home price growth in areas recently affected by wildfires, while developers rush in to rebuild.
Home Prices, Demand on Downward Trajectory
The once-overheated housing market continues to cool as rising interest rates reduce demand.
Manhattan Home Sales Slow, Rent Growth Continues
The Manhattan housing market is seeing lower sale prices and a slowdown in demand, but rents in the city are still going up.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Congressman Proposes Bill to Rename DC Metro “Trump Train”
The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).
The Simple Legislative Tool Transforming Vacant Downtowns
In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.
In These Cities, Most New Housing is Under 441 Square Feet
With loosened restrictions on “micro-housing,” tiny units now make up as much as 66% of newly constructed housing.
Albuquerque’s Microtransit: A Planner’s Answer to Food Access Gaps
New microtransit vans in Albuquerque aim to close food access gaps by linking low-income areas to grocery stores, cutting travel times by 30 percent and offering planners a scalable model for equity-focused transit.
This City Will Pay You to Meet Your Neighbors
A North Kansas City grant program offers up to $400 for residents to throw neighborhood block parties.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)