Mid-July Real Estate Market in GTA

Toronto Real Estate

Toronto Real Estate

Toronto’s real estate market is in for next productive hot year.

The Toronto Real Estate Board (TREB) predicted an approximate ~110,000 resale homes would change hands in 2017 – the third straight year with sales above 100,000 – while average resale home prices would rise between 10 and 16 per cent to $825,000 in 2017.

The TREB forecast calls for the Greater Toronto Area market to experience only a minor cool down compared to last year, when resale activity jumped 11.8 per cent to 113,133 transactions and average prices soared 17.3 per cent to $729,922.

Categories: Greater Toronto Area Real Estate Updates, Popular Cities: Toronto Homes for Sale