TORONTO HOUSE PRICES TO CONTINUE DOUBLE-DIGIT INCREASES

Jan 31, 2017

By Michael Kramer

Share on

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.

0217house
The highest year-over-year price increases will be for low-rise types of housing – such as detached, semi-detached and townhouse units.

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.

Zoomer Kids
You Don't Have To Be A Zoomer To Love Zoomer Radio.
Check out what the Kids have to say!
Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: