Toronto, Vancouver home sales fall in 2017 as prices jump

Toronto/Vancouver

HOME sales in Canada's two largest housing markets dropped in 2017, as government measures to cool skyrocketing prices in Toronto and Vancouver restrained demand, but prices kept rising particularly in the strong condo segment.

In Toronto, sales of detached homes fell 23 per cent, accounting for much of the 2017 drop, while condo sales pulled back a more muted 9.6 per cent, according to a report from the Toronto Real Estate Board (TREB).