Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
A real estate sign stands in front of a house in Vaughan, a suburb in Toronto, Canada, May 24, 2017. (MARK BLINCH/REUTERS)
A real estate sign stands in front of a house in Vaughan, a suburb in Toronto, Canada, May 24, 2017. (MARK BLINCH/REUTERS)

GTA sees slump in $1-million-plus home sales Add to ...

Subscribers Only

The number of properties in the Greater Toronto Area that sold last month for at least $1-million tumbled 31 per cent from a year earlier in a sharp reversal for the region’s housing market.

But Brad Henderson, president of Sotheby’s International Realty Canada, said he expects the GTA’s rebound to be faster than that experienced in the Vancouver region after British Columbia slapped a tax on foreign buyers last August.

Report Typo/Error

Follow on Twitter: @brentcjang

Also on The Globe and Mail

See inside the Vancouver mansion with a record asking price (The Globe and Mail)

In the know

Most popular videos »

Highlights

More from The Globe and Mail