As of August 31, 2016, if no more properties came onto the Toronto housing market, it would only take just over a month to deplete the available supply. That’s according to a new report by Chestnut Park Real Estate. BNN speaks with a broker for the company, Justine Deluce.
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.
2019 started positively, surprising many who were anticipating the double-digit declines that the Toronto and area residential resale marketplace delivered in November and December of last year. Although moderate, January delivered increased sales volume and average sale prices compared to January 2018.