National sales activity plunges to lowest levels in almost 5 years

Canada’s housing market saw another so-called payback sales drop in February, when the national average home price slumped by 5% from a year ago, after a surge in sales late last year from homebuyers looking to purchase ahead of this year’s new mortgage rules.

The latest monthly figures from the Canadian Real Estate Association showed that sales volume was down 16.9% in February compared with a year ago, and down 6.5% compared with January.

February’s home sales decline marked the second consecutive month-over-month decline and the lowest reading in nearly five years, the national association said.

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The remains of Ontario’s first parliament are buried and long forgotten in downtown Toronto. Now citizens are helping to tell its story

Toronto residents are helping to tell the story of Upper Canada’s first parliament, on Front St. East The car washes and parking lots belie the site’s rich history, but that’s about to change.

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Picture: Mwangi Gatheca



Davisville Village Home Sales Statistics for February 2018

Leaside & Bennington Heights Home Sales Statistics for February 2018

Moore Park Home Sales Statistics for February 2018

Chaplin Estates Home Sales Statistics for February 2018

Rosedale Home Sales Statistics for February 2018

Lawrence Park Home Sales Statistics for February 2018



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Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.