The average price of a Toronto home just fell by over $22k in a single month

Toronto's housing market is seeing a decrease in prices, improving affordability. A study found that the city's prices have fallen more than other Canadian cities, with the average home price dropping by $22,300 in a month. Despite this, Toronto remains the second most expensive city after Vancouver. Other cities like Montreal, Halifax, Calgary, Ottawa, Winnipeg, and Edmonton offer more affordable housing options.