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NEW!
CMHC Toronto Housing Market Outlook: FALL 2008 Click here for more
Highlights from the report:
• Existing Home Sales Off the Peak
• The First Time Buyers
Niche Gets Smaller
• More Supply, Moderate Price Growth
(Excerpts)
While home sales will be off record
levels, continued steady net-migration
and low borrowing rates will
keep home buying activity in the
GTA in line with the average over
the past ten years.
... Not all housing types will experience
the same moderation in price
growth over the next year. Condominium
apartments in the central
Toronto area are a good example of
this. The central Toronto area remains
a tighter market than the
region as a whole. While condo
buyers in the central area have
experienced more choice this year,
seller’s market conditions still persist.
As choice continues to increase in
2009, price growth will moderate, but will still remain above the average
for the GTA as a whole.
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