TORONTO REAL ESTATE COULD BE IN FOR ANOTHER GREAT YEAR

Jan 18, 2016

By Michael Kramer

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This may be a record year for local real estate.

The Toronto Real Estate Board estimates its realtors will sell between 96,500 and 105,000 residential properties this year.

The average selling price is also expected to rise – to between $655,000 and $665,000. That’s more than $30,000 more than last year.

Whether or not 2016 will break last year`s record will depend on two key factors – the direction of borrowing costs – and available listings.

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