"Stricter mortgage lending guidelines that precluded government backed mortgages on home sold for over one million dollars and the City of Toronto's addition upfront land transfer tax arguablu played a role in the slower pace of luxury detached home sales."
We marked up on the summary.
* Number of resales dropped 15% compared to last year (leap year).
* The average GTA home resale price this February is $510,580.
* In term of number of transactions, townhome is the most resilient segment
* Over the past 12 months, average sale prices of semi-detached and townhouse increased by 5.6% and 6.7%, respectively.