Prices for detached houses in Toronto, Vancouver and Fraser Valley down in first half of 2023, report says
A report by Re/Max Canada says prices for detached houses in Toronto, Vancouver and B.C.’s Fraser Valley saw upward momentum in the first half of the year, but average prices fell short of those seen last year in most neighbourhoods.
The report tracked average price and sales activity in the freehold segment in 82 districts within the Toronto Regional Real Estate Board, Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board.
It says a substantial drop in prices in the first quarter of the year triggered a surge in home-buying activity in the second.
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