The average Toronto home price dropped 1% from the same time last year
National vacancy rate is lowest on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988
Meanwhile, asking rents jumped 8.6% in December to hit record $2,178
Price declines were mainly an Ontario phenomenon, but home prices were softening in the Fraser Valley, Winnipeg and Halifax
Average home price was up 3% year over year
Region saw 1,345 homes changed hands in December, with average price of $1,168,700
The finance minister approved the transaction, with conditions
Early estimates also suggest retail sales increased 0.8% in October
Seniors living longer may reduce the need for downsizing
The national average home price rose 1.8% year-over-year to $656,625