Toronto is in the midst f housing heat wave

Toronto is in the midst of a housing heat wave, with sales activity and prices both breaking new records. But one thing that seems capable of putting the brakes on the market is what the Toronto Real Estate Board has called the “troubling trend” of a shrinking supply of homes for sale, particularly detached homes.

Several new reports point to just how much the lack of supply – particularly of detached houses, townhouses and other so-called “ground-oriented” housing – has helped drive the region’s house prices into the stratosphere.

 

 

 

 

Peter Luo Sales Representative, SRS, ABR , MCNE
RE/MAX Realtron Realty Inc., Brokerage Independently owned and operated
Office: 416-222-8600Mobile: 647-824-3718

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Toronto Real Estate Board - IDX Last Updated: 7/26/2017 8:05:30 PM