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2016 Was a Record Year for Toronto Real Estate, But What About 2017?

Saturday Dec 10th, 2016

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2016 WAS A RECORD YEAR FOR TORONTO REAL ESTATE... BUT WHAT ABOUT 2017? Toronto 2016 MLS sales are set to smash all previous highs with an estimate of 113,000 total residential sales. At the year end of 2016, the average price is now at $784,000 up 26% from a year earlier. Days on the market is down to 17 days, a drop of 28%. Active listings are down 36%. The current average price of a detached house in the 416 is $1.35M up 32% over 2015. The average price for a condo in the 416 is now... [read more]

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