New listings ↓~18% in Toronto as analysts cite sellers waiting out falling prices.
Toronto sales ↓~6% to ~4K, while new listings fell faster.
Prices kept sliding: Toronto avg. ~$1M, yearly ↓~7%.
Sales have fallen yearly for 5 straight mo; boards expect continued chill, though fewer listings could boost competition.
Toronto condos lagged: sales ↓~12%, prices ↓~9%; recovery may take years.
Home prices under $500K in some of the cheapest Greater Toronto neighbourhoods
The five least expensive neighbourhoods in the Greater Toronto Area have homes priced under $500,000. The lowest median home sale price was in the Queen Street corridor in Brampton at $397,500. Central Mississauga had a...
