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Here's how much home prices have fallen in Toronto amid real estate slump

Toronto's property market — long one of the most competitive and overvalued in not just the country, but the entire world — has completely hit a wall under the pressures of heightened interest rates and costs of living, tariffs, and economic tumult.Amid paltry home-buying activity and a constant flow of new listings, real estate prices have, naturally, sunk, with the GTA now serving as one of only three major hubs where the cost of the average house, condo or townhome has fallen over the last year.According to real estate listing site Wahi, the Canadian market at large is "holding steady," all things considered, with the exception of Toronto, Vancouver, and Hamilton — all markets that are known for being red-hot."The Canadian housing market entered a holding pattern this August as the RPS-Wahi House Price Index was once again flat relative to the same month a year ago, although the pace of condo depreciation on an an...


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