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

Saturday Dec 10th, 2016


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]


All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, proper sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own qualified advisor, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. Each Engel & Völkers brokerage is independently owned and operated. Any use of the term "advisor" or "agent" shall be replaced with the term "Sales Associate" where required by local law. Engel & Völkers® and the Engel & Völkers Logo are registered service marks owned by Engel & Völkers Marken GmbH & Co. KG.