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.
Amtrak Ramping Up Infrastructure Projects
Thanks to federal funding from the 2021 infrastructure act, the agency plans to triple its investment in infrastructure improvements and new routes in the next two years.
Ending Downtown San Francisco’s ‘Doom Loop’
A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?
Proposal Would Transform L.A.’s ‘Freeway to Nowhere’ Into Park, Housing
A never-completed freeway segment could see new life as a mixed-use development with housing, commercial space, and one of the county’s largest parks.
How to Measure Transit Equity
A new report highlights the need to go beyond traditional equity metrics to assess how public transit systems are serving the lowest-income and most disadvantaged riders.
Why Brand New Cities Won’t Solve Our Urban Problems
Building cities takes time and resources. Why not spend them on fixing the ones we have?
Former Brooklyn Sugar Refinery Reopens as All-Electric Office Tower
A historic building was reimagined as a 15-story office tower powered by renewable energy.
Urban3
HUD's Office of Policy Development and Research
Washington University
Mpact: Mobility, Community, Possibility
Lassen County Planning and Building Services
City of San Carlos
National Capital Planning Commission
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.
