Annual rates of resale price growth in Toronto + the GTA continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers. According to TREB, over the past year we have reached a point where government policies that target only the demand side of the market – whether we’re talking about foreign buyers or further changes to mortgage lending guidelines – will not be enough to balance market conditions and moderate the pace of price growth.
Here is our February 2017 Market Report, a quick resale housing market analysis with key stats for Toronto + the GTA ?.
>> Don’t forget to check out the complete monthly Toronto + GTA Resale Housing Market Figures report released by TREB for a comprehensive breakdown of all statistics recapped in our monthly market review.