Toronto Home Prices Slip Back to 2020 Levels as Turmoil Lingers

Home prices in Toronto fell to their lowest level in more than five years as an outlook for slow economic growth and broader global turmoil make prospective buyers cautious.

The benchmark price of a home in Canada’s largest city dropped 0.6% in March from the previous month to C$928,000 ($667,090), according to seasonally adjusted data released Tuesday by the Toronto Regional Real Estate Board.