GTA Housing Market’s Correction in 10 Facts

Greater Toronto Area home prices continue on the same sliding trend in August; a result some argue is from Ontario’s new Fair Housing Plan and it’s foreign-homebuyer tax in particular. Regardless,TREB President Tim Syrianos reports that “Economic conditions remain strong in Ontario.  Positive economic news coupled with the slower pace of price growth we are now experiencing could prompt an improvement in demand for ownership housing, over and above the regular seasonal bump, as we move through the fall.”  Although what Syrianos reports remains true, here are 10 interesting facts, courtesy of Josh Sherman of BuzzBuzzNewsCanada, that the GTA’s housing market is working through a correction:  GTA Housing Market’s Correction in 10 Facts 

 

 

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