Greater Toronto Area home prices fell almost 18 per cent from last February, the region's real estate board said.
said Friday that the average selling price for February totalled $1,095,617, roughly five per cent higher than the average January price of $1,038,390.
February's pricing data signals average selling prices are levelling off after trending lower through the spring and summer of last year, TRREB said.TRREB found the share of home purchases below $1 million sat at 57 per cent last month, up from 38 per cent during the same time period last year. February sales totalled 4,783, down 47 per cent from 9,028 a year earlier. In comparison, January recorded 3,094 sales.
Ipsos polling the board has seen suggests buying intentions have picked up for 2023, said Jason Mercer, TRREB's chief market analyst.
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