TORONTO, Jan 4 - Home prices in Toronto rose a meager 2.1 percent in December from a year earlier, as listings slumped by almost a third and sales fell 22 percent, data released by the Toronto Real Estate Board (TREB) on Friday showed.
"In many neighborhoods, despite fewer sales from a historic perspective, some buyers still struggled to find a home meeting their needs," Jason Mercer, director of market analysis at TREB, said in an e-mailed statement. "The result was a resumption of a moderate year-over-year pace of home price growth in the second half of the year."
DECEMBER
NOVEMBER
DECEMBER 2017 YR/YR PCT CHANGE TOTAL SALES
3,781
6,251
4,876
-22.4
AVERAGE PRICE C$750,180
C$788,345
C$734,847
2.1 NEW LISTINGS 4,308
10,534
6,289
-31.5 After preliminary seasonal adjustment
DECEMBER
MTH/MTH PCT CHANGE SALES
6,649
0.5 AVERAGE PRICE C$796,813 -1.0 Sales by type of property
DECEMBER
YR/YR PCT CHANGE DETACHED
1,590
-17.0 SEMI-DETACHED
342
-28.8 TOWNHOUSE
617
-28.1 CONDO APARTMENT
1,185
-23.4 Average price by type of property
DECEMBER
YR/YR PCT CHANGE DETACHED
C$945,580
-4.4 SEMI-DETACHED
C$755,707
3.2 TOWNHOUSE
C$624,042
5.3 CONDO APARTMENT
C$554,497
9.9