Recently, the Toronto Star published an article with the headline GTA house prices fall. The author made a fine point of letting everyone know housing prices are down 3 per cent in the Great Toronto Area (GTA) from the same time as last year and the average time a home is on the market went up five days (up from 31 to 36).

He allowed experts to spew gloom and doom and only spent the bottom 30 per cent of the article with some perspective. First of all, 2007 was a record year for real estate in Toronto, in fact, the past ten years have been banner year after banner year for the housing market. Continue reading →