Winter Market Update ❄️🏡
Monday Jan 21st, 2019
Downtown Condos Remain The Driving Force
TREB (The Toronto Real Estate Board) reported improved Market Conditions in the second half of 2018 in terms of sales volume and price increases.
On Average, home prices in Toronto increased in value while certain areas surrounding the GTA saw price decreases.
The Toronto Condo market continues to be the main driving force at an incredible +9.9% appreciation on average, over the past year in 2018 🥇🏆
With fewer new property listings and the demand for real estate keeping steady, prime neighbourhoods and affordable housing options saw tighter market conditions, creating a challenge for certain buyers in finding a home meeting their needs. However with average DOM (days on market) being longer, buyers that move quickly are still securing the best opportunities.
Click to Read TREB's Full Report