A month and a half into 2014, the experts are still expecting this to be a good year for real estate in Toronto—for sellers, that is, who continue to benefit from exceptionally high average sale prices. Looking further ahead, though, the fate of the market is still uncertain. At least one group of analysts thinks 2015 will see home values take a modest dive. Here’s what else is being said about the Toronto’s housing market.
Toronto’s housing market has been as hot as this week’s weather, but new data from the Greater Toronto Realtors Association suggests that the oft-predicted and much-feared cooling of Toronto’s market could finally be here. It seems that Canada’s new, stricter mortgage rules and a raft of bubble warnings have made buyers more cautious—well, that’s what pundits think, anyway. Here’s a breakdown of the most important numbers and what they may mean for Toronto homeowners: Read the rest of this entry »
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