2018 Real Estate Market Forecast

03 January 2018
Remax-Condos-Plus

What does 2018 have in store for Toronto's Real Estate Market? This is a difficult year to forecast with all the mortgage and tax changes made in 2017, but we belive the market will continue to be driven by the influx of people to the GTA.


3 Predictions for Toronto Real Estate in 2018

20 December 2017
Remax-Condos-Plus

What's in store for the Toronto Real Estate Market in 2018? We Give our Predictions for the New Year.


2017 Toronto Real Estate Market Forecast

10 January 2017
Remax-Condos-Plus

Share of Total Condo Apartment Sales By Bedroom Type (All Areas) Source: Toronto Real Estate Board Q3 Many forecasters or pundits get bogged down in irrelevant statistics. Past experience has shown that the view from ‘the street’ has been more accurate than the ‘view from the executive floor’. In real estate, lower sales do not automatically translate into lower prices. And the average price to average income ratio for valuing property prices over a number of years is also of little value when you consider the impact of immigrants, non-residents, and self- employed buyers in today’s market. If you want further proof, just read our 2016 Forecast versus what actually happened in 2016 on our website. GTA Year Over Year Summary 2016 2015 % Change Sales 113,133 101,213 11.8% Average Price $729,922 $622,121 17.3% Average DOM 17 22 -22.7% New Lisitngs 154,266 160,520 -3.8% FACTORS AT PLAY ... Read More


3 Predictions for Toronto Real Estate in 2017

19 December 2016
Remax-Condos-Plus

With 2016 drawing to a close, everyone wants to talk about the Toronto market for 2017. So here are my preliminary thoughts; Lower Sales than in 2016 We predict lower sales than we've seen in 2016. Why? There is no product available and listings are way down. Secondly, the new mortgage rules will make it harder to qualify for everyone. For first-time Buyers, many will not even qualify at all, which will put a drag on the move-up market as well. Prices will not be falling No, prices will not be falling, but don't expect price increases of 20% for houses and 12% for condos that we saw this year. Rather, 10% and 5% will be more the norm. Increase in Housing Demand.