RE:RE:RE:RE:RE:RE:HCG Back in businessOK canader you smarty pants, yes I knew benchmark prices rose. MrS will soon get instructions to only screenprint certain sentences from articles instead of posting the whole article like he is doing.
Thank you for breaking that to everyone's attention, I have been telling that to him for weeks.
canader wrote: Headline spammer.
And as you read the whole article.
The high-end of Toronto’s housing market is bearing the brunt of declines from last year’s dizzying growth, with prices falling and unit sales slumping by almost half.
Sales of detached homes in and around Canada’s biggest city fell 46 per cent in March from the same month a year ago, while the average price fell 17 per cent to $1.01 million, according to data released Wednesday by the Toronto Real Estate Board. That dragged down the average selling prices for all housing types by 14 per cent from a year earlier to $784,558, the biggest drop since 1991.
“Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types,” the board said in its monthly report. “In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.” Still, prices continued their stabilization of the past few months as home owners get ready for the traditionally hectic spring season. Benchmark prices, which are weighed to account for differences in home type, rose 1.2 per cent in March from February, including 1.1 per cent gain for detached homes and a 1.8 per cent increase in condos. Benchmark prices are down 1.5 per cent year-over-year. Average prices rose month on month.