Home prices in Toronto experienced a decline for the seventh consecutive month, driven by the economic slowdown linked to U.S. tariffs affecting Canada. According to seasonally adjusted data released on Friday by the Toronto Regional Real Estate Board, the benchmark home price in Canada’s largest city decreased by 0.9% in June compared to May, reaching C$978,200 ($720,164). This marks a continuation of the downward trend in the real estate market amid broader economic challenges.
— news from Bloomberg
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Toronto Home Prices Fall for a Seventh Month as Economy Slows
Home prices in Toronto fell for a seventh consecutive month as fallout from US tariffs caused Canada’s economy to slow. n nThe benchmark price of a home in the country’s largest city slipped 0.9% in June from May, hitting C$978,200 ($720,164), according to seasonally adjusted data released Friday by the Toronto Regional Real Estate Board.