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0 pointsasdf333238y ago0 comments

I call BS unless you provide proof.

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3 comments · 1 top-level

megaman28y ago· 2 in thread

Unless I'm reading the reports wrong, according to the Toronto Real Estate Board (TREB) the average price of a detached housed in the "416" (Toronto) area in July 2017 was $1,304,288. In August it was $1,191,052.

So that means a -8.7% change from July to August alone.

Numbers for recent months - Detached houses in "416" area code: August: $1,191,052 July: $1,304,288 June: $1,386,524 May: $1,503,868 April: $1,578,542

http://www.trebhome.com/market_news/release_market_updates/n...

acchow8y ago

You are talking average selling prices going down.

We are asking about examples of actual prices of homes going down. They are not the same thing.

The price of homes can actual stay flat or even go up while the average sold price goes down.

megaman28y ago

Yeah, I get that - I was responding to a comment above about the "sales mix" between detached, townhouses, and condos. The data I referenced directly contradicts the assertions made above that the price declines were due to shifts in the "sales mix" between those three types of homes. Sure, you could argue that the prices declines were shifts within the detached housing market, but I haven't seen anyone provide data on that.

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