Canadian home prices drop 2% in July, sales steady: CREA

[Dr Nevergold]

Canadian home prices drop 2% in July, sales steady: CREA

http://www.thestar.com/business/article/...-prices-drop-2-in-july-sales-steady-crea

The chill of Toronto and Vancouver’s cooling markets was felt across the country in July with home prices down 2 per cent over a year earlier, despite strong gains in many Canadian housing markets.

Compared to Vancouver, Toronto prices held relatively steady with the average price of a GTA home slipping just slightly in July to a seasonally adjusted $494,451 from $496,804 in June, according to statistics from the Canadian Real Estate Association.