Toronto’s recent price slowdown might have impelled higher vacancy

A recent slackening in the rate of price growth among Toronto’s residential properties might have led to greater vacancy rates in the city’s home listings, Realosophy Realty Inc. president John Pasalis said.
Numbers from the Altus Group showed that the benchmark price of new single-family homes in the GTA stood at $1,142,574 as of July, representing an almost flat 0.85% increase from June and 13.2% up from July 2017.[Read Me…]