Jan 31, 2017
By Michael Kramer
The Toronto Real Estate Board is predicting another year of price increases in the double-digits – along with sales numbers similar to last year – despite a shortage of listings.
TREB expects the average price for all types of housing to soar to about $825-thousand dollars – a figure that’s up from over $730 thousand in December.
And the call is being repeated for the private, public and not-for-profit sectors to look for solutions that will increase the supply of properties for sale – instead of trying to reduce the demand from would-be buyers.
According to the board, active listings at the end of December in the GTA – were at their lowest level since before 2000.