Toronto Home Prices Crash, Worst Decline in 17 Years

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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Toronto swings like a pendulum do.

Or what goes up must come down.

Toronto home prices fell 4.6% in July, the biggest decrease in 17 years. Transactions tumbled 40 percent to 5,921, the biggest year-over-year decline since 2009, led by detached homes.

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New listings in Toronto have collapsed.

toronto housing implodes 1_0

Is the west coast of the USA next?

Canadian PM Justin Trudeau visiting “The Great Mall of China.” Psst, Justin. That is a wall, not a mall.

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