Home Prices in Toronto Have Dropped More Than $500,000 in 6 Months
PUBLISHED: 2:23 PM AUG 4, 2022
There have been clear signs that home prices are set for a downward trajectory in the Greater Toronto Area, as rising interest rates knock more would-be buyers out of the market. Overall, GTA average home prices saw just 1.2% year-over-year growth in July — the smallest annual uptick since April 2020.
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