GTA home prices drop $121,000 from February peak as rising rates gut sales: report - Toronto Star

May sales are down 40 per cent from last year, although prices year-over-year are up nine per cent, says the Toronto Region Real Estate Board.

Toronto area home sales plunged 38.8 per cent annually in May as rising interest rates pushed down the average sale price of all houses and condos to $1.21 million, a $121,000-drop from the February … [+3373 chars]

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