Toronto Home Prices Crash, Worst Decline in 17 Years (Swings Like a Pendulum Do)

Toronto swings like a pendulum do.

Or what goes up must come down.

Toronto home prices fell 4.6% in July, the biggest decrease in 17 years. Transactions tumbled 40 percent to 5,921, the biggest year-over-year decline since 2009, led by detached homes.

toronto housing implodes 2_0

New listings in Toronto have collapsed.

toronto housing implodes 1_0

Is the west coast of the USA next?

Canadian PM Justin Trudeau visiting “The Great Mall of China.” Psst, Justin. That is a wall, not a mall.