Canada's two biggest real estate markets continued their diverging paths in the first quarter of 2017, according to a new report by realtor Royal LePage.
CTVNews.ca has compiled snapshots of the nationwide survey and the heated real estate markets in Vancouver and Toronto. The charts below were compiled using data from the Royal LePage House Price Survey, and latest and historial numbers from the Toronto Real Estate Board and the Real Estate Board of Greater Vancouver.
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The Royal LePage survey found prices in the previously-hot Vancouver market are beginning to decline, while the Greater Toronto Area continued to soar.
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Meanwhile, the cost of a detached home in Toronto roared to a new record high of almost $1.6 million in March, a 33 per cent climb over prices last year, according to the Toronto Real Estate Board (TREB). While new listings have risen over the past 12 months, even stronger sales continued to tighten the market.
Tracking average home prices in Toronto over a 5-year period from March, 2012 to March, 2017,
