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Toronto home-price downturn? Not in these neighbourhoods

Posted on 28/07/2017 by Mutch Property Group 0
JANET MCFARLAND – REAL ESTATE REPORTER The Globe and Mail Published Thursday, Jul. 27, 2017 6:00AM EDT Toronto’s housing downturn is not being felt equally across the region, with many neighbourhoods still seeing the prices of detached houses climb even while the average price falls across the Greater Toronto Area. A new report by realty firm Re/Max Integra shows that 40 per cent of 65 districts within the Toronto Real Estate Board recorded detached house price increases in the quarter ended June 30 compared with the first quarter of 2017, including almost half of all the districts in the 905 region surrounding the city of Toronto. The data suggest the GTA is facing an uneven downturn in house prices that is not
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