Has the searing Greater Toronto Area housing market lost some of its sizzle? ​The latest statistics from the Toronto Real Estate Board (TREB) suggest that may be the case, at least for now. While year-over-year prices remained firmly in the double digits, home sales in both the City of Toronto and the Greater Toronto Area (GTA) — which encompasses the 905 and 416 area codes — took a hit when compared with May of last year. The dip in sales comes after the Ontario government introduced 16 measures intended to rein-in home prices. May is often regarded as a strong month for real estate as it marks the end of the early spring sales surge, which, in the Toronto area, saw major price jumps.

Source: CBC News June 05, 2017 09:01 UTC