December 2017 Market Update

92,394 home sales were reported through the TREB MLS in 2017. Annual home sales were down 18.3% from a record-setting 2016, but the average price climbed up 12.7% compared with 2016. While sales have fallen for seven months since May, the GTA has seen signs of recovery in the past few months, with sales in December having the smallest monthly decline since the introduction of the 15% foreign home-buyer tax and the Ontario Fair Housing Plan in April.

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