Since my last report in May, house prices in both Toronto and Cobourg have been steady although the Real Estate people will point out that prices in August 2018 were 19% higher than August 2017 (see chart below).  Inventory is below average but there is no frenzy happening like there was in the spring of 2017.  Listings and sales are relatively slow – sales are down 30% from this time last year. However, they are better than earlier in the year. In August, the average price in Toronto was $765k and the average in West Northumberland (mostly Cobourg) was $479K.  This is significantly up from 2 years ago when it was around $360K and way up from 9 years ago… Read complete articleHouse Prices Steady, New Development Approved