As real estate prices in the Toronto region fall for the ninth straight month, suburban home prices in Peel, Durham, and Halton Regions are seeing a more than 25 per cent drop since the market peak in February 2022 — more than the Toronto-area average.

On Wednesday, the Toronto Regional Real Estate Board (TRREB) published a report on October home sales that put the average price of a Toronto-area home at $1.054 million, 21 per cent lower than the peak and seven per cent lower than last October, while sales are down 9.5 per cent year-over-year, to 6,138.

Since the 2022 peak, home prices are down 30.7 per cent in Durham Region (to $851,764), 26.7 per cent in Peel Region (to $965,359), 25.7 per cent in Halton (to $1.137 million) and 22.2 per cent in York Region (to $1.234 million).

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