Sean MacKay

One Toronto realtor is quick to remind those who might interpret this data as indicative of a longer term slowdown in the Toronto new condo market that “one month does not a trend make.”

“We know that many buyers in the U.S. are interested in purchasing Canadian property, so we are looking into adding Canadian listings," Zillow said in an email statement.

The Afterparty is sponsored by the NXT Vanguard, a group of partners that the organization believes represent “the next generation of city building leaders.”

What do Toronto and Hamilton have in common with Reykjavik, Hong Kong and Kochi, India? Each city saw home prices rise by over 20 per cent in the second quarter of 2017.

In a note published in response to the TREB data, RBC economist Robert Hogue writes that “the period of monthly price declines could be ending soon.”

The top 10 Toronto developments on BuzzBuzzHome in September 2017.

“We are very excited to add this signature project to our Great Gulf development portfolio," says Great Gulf President Christopher Wein in a media release distributed today.

There is only one rental unit under construction per 1,000 GTA residents. In Vancouver, the ratio is over three rental units while in Montreal, it’s two units.

Only 795 new homes were sold in the GTA in August 2017, according to the latest release from the Building Industry and Land Development Association (BILD).

"Canada’s household debt ratio has risen and surpassed the peak levels observed in the UK and the US around the time of the global financial crisis. This suggests that Canada hasn’t learnt terribly much from these other countries."