Greater Toronto Area Housing Slowing Down

After a torrid pace over the last few measures there are signs that the housing market in Southern Ontario in slowing. Read more on the highlights of sales activity for January 2018.

The month of January 2018 saw 4019 residential homes sold a decrease of 22% from January 2017’s 5155 homes.

Listings increased to 8558 indicating properties are not moving as quickly.

As far as prices go the condo market continues to lead the way. Detached home prices were actually down 4.1% to $736,783 while condos were up 5.2%.

It will be interesting to see how the market does for the rest of 2018.