iheartproperty
Banned
it's definitely slowed down in may after a hectic couple of months .... but again Mar/April sales were due to a lot of people caving in after sitting on the sidelines from Oct-Feb. Based on early trends, it looks like a rather slow summer ahead of us. I won't be surprised of a further 10% drop in prices by jan of 2010.
Year-Over-Year Regional Breakdown
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2009 2008
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Sales Average Price Sales Average Price
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City of Toronto ("416") 1,864 $439,459 1,734 $437,205
Rest of GTA ("905") 2,697 $372,408 2,688 $377,344
GTA 4,561 $399,811 4,422 $400,817
Slowed? It looks like the market is outpacing 2008!
Whether or not you want prices to fall it really doesn't look like they are, for whatever reason...