Toronto and Vancouver Real Estate Markets reported home sales drooped sharply, indicating both of Canada's most expensive Markets may have reached their peak for 2010.

The Toronto Real Estate Board reported resales on the MLS were down 23 per cent from one year ago, off from the record home sales in the first half of 2010.

Toronto Real Estate average prices were $435,034, an 8 per cent increase from a year earlier.

The Vancouver Real Estate Board reported sales off 30.2 per cent adding to the slowing markets across Canada.

The average price for Vancouver Real Estate was $580,237, up 11.8 per cent from the same period last year.

The Real Estate Industry maintains many customers pushed ahead their home buying activities to beat the HST, real or imagined and to lock in better financing options.