Prices in Toronto Continue to Rebound!

Statistics gathered from the Toronto Real Estate Board (TREB) indicate that prices in the Toronto Area are continuing to rebound. According to TREB, 6,839 homes were sold with the average selling price up by 4.7 % from August 2017. However an immediate jump in pricing is unlikely as rising interest rates and affordability issues will likely keep the market increasing in the low digits.

 

Retrieved from http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/TREB_REBGV_results_august2018.pdf

Anton Malakhveitchouk