The GTA's real estate market continued to cool off last month, with less homes selling and less homes being listed when compared with August 2016. The Toronto Real Estate Board's sales numbers for August 2017, released Wednesday morning, show that the number of homes sold in the GTA in August decreased by 34.8 per cent compared to August 2016. That decrease is only slightly less dramatic than July's numbers, which saw a 40 per cent year-over-year decrease. The release notes that high-end home sales are down when compared to the same time last year. Mercer said its unlikely the trend will last as more buyers jump into a market that has a smaller number of listings.

Source: CBC News September 06, 2017 11:17 UTC