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As the holidays come to a close and we get back to work and our regular routines, I wanted to provide some context surrounding the turbulence we have experienced in the Toronto real estate market over the past eighteen months and some thoughts on what to expect in 2019.
TREB’s March results reaffirm a predicted shift in the discussion around Toronto’s real estate market. We are no longer talking about a dramatic year over year growth, but rather about the lack of supply and affordability issues from first-time buyers. The intervention of government on both a federal and soon-to-be municipal level may incite more buyers and sellers to enter into the upcoming spring market.