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May, 2018 Toronto Real Estate Market Statistics Update

TORONTO, ONTARIO, June 4, 2018 "Market conditions are becoming tighter in the Greater Toronto Area and this will provide support for home prices as we move through the second half of 2018 and into 2019. There are emerging indicators pointing toward increased competition between buyers, which generally leads to stronger price growth. In the City of Toronto, for example, average selling prices were at or above average listing prices for all major home types in May," said Jason Mercer, TREB's Director of Market Analysis.  Full Report

Strong Price Growth Continues in Condo Segment Q1 2018

April 16, 2018 – “Seller’s market conditions for condominium apartments remained firmly in place in
the first quarter of 2018. Strong competition between buyers underpinned price
growth well above the rate of inflation. We expect the condo market segment to
remain strong through the remainder of 2018 and over the longer term, as buyers
continue to see ownership housing as a quality long-term investment,” said Mr.
Syrianos. Full Report

 

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