While we wait for the real estate wizards to figure out whether Toronto’s condo market is in a bubble or not, here’s some news about sales of honest-to-goodness houses (remember those?): Toronto’s average house price actually dropped slightly in December, meaning that the recent panic about overheating in the housing market might have been a tad excessive. The average house sold for $466,540, which is about 2.4 per cent less than in November, though still up roughly 4 per cent from the same time last year. Looks like those pre-Christmas deals weren’t only found at the Gap. Read the entire story [Moneyville] »
Insider intel on the politics and personalities shaping the city. Sign up for Preview newsletter for weekly updates
Toronto house prices dip, undercutting warnings of a market in (over)heat
Popular
Most Commented
- Jan Wong: Why the LCBO—the antiquated, paternalistic monopoly that’s deliberately gouging us—has got to go 52
- All-Beef Party: Toronto’s 25 best burgers ranked in order of heart-stopping, messy magnificence 42
- Introducing: The Bristol Yard, a bit of Britain down by Christie Pits 23
- Joanne Kates to leave the Globe after 38 years (UPDATED) 22
- Great Spaces: a filmmaker turns a former car repair shop into a killer bachelor pad 13
1 Comment
Comment on this post
Neither the author nor Toronto Life necessarily agrees with the comments posted here. Editors will not correct spelling or grammar. Toronto Life reserves the right to edit or delete comments entirely. Read our full policy
SEASONALITY!
January 19, 2012 at 12:58 pm | by HCWikipedia it.