WE'RE QUICKLY HEADED FOR 2020 PRICES!
TRREB Freehold prices for the first 11 days of Sept. are lower, by far, than any other month since Jan. 2021.
You'd need to go back to 2020 to find a similar avg. price.
If Sept. finishes like this, it's game over!
@JonFlynnREstats Ontario dropped significantly. We may need one more province to follow ,so domino effect to start, and I don't see anything bad if prices drop 20 to 30% by next spring so we can start a new cycle
@JonFlynnREstats Thank you, Jon. How long it may last : deep correction or buble bursting? Another year or two ??
And do you see market bottom out in spring 2026?
In case you were wondering, Canada’s national average residential price…
April 2021, $692,835
April 2022, $744,291
April 2023, $716,044
April 2024, $707,380
April 2025, $679,866