Toronto Home Market Will Remain Steady Through the End of the Year
The Toronto housing market has seen a modest increase of 5 percent so far this year, and all indications are that it will remain steady through the end of 2011. That includes sales of existing homes as well as new housing starts, which are expected to hit 66,000 units by next year. Economists remain flummoxed by the housing market, predicting that the bubble will burst at some point, sooner rather than later, but at present, the Toronto market is still chugging along.
The housing market in the remainder of Canada seems to be cooling off, but Toronto houses are more in demand than ever. In addition to houses, multi-unit housing is also going strong with sales of condos and townhouses remaining steady.
Although employment figures are not as positive as they could be, they don't seem to be effecting the housing market as they would in a weaker Canadian economy. Stricter banking regulations have prevented a U.S. style housing collapse despite less than stellar job figures.
The housing market will not remain at its present level forever, but in the meantime, there is no better time to buy a house in Toronto. The experts at Toronto Home can help you navigate through this extremely competitive market, getting you the best value on a Toronto Home in your price range. A qualified real estate agent is your best friend during the home-buying process, giving you the confidence you need to negotiate with sellers, and all the information you need to get the best deal on a mortgage. If you're planning to sell your home, our agents will handle all the details so you can concentrate on moving on to your new location.
Now is the time to find the home of your dreams. Fill out our contact form or give us a call at 647.477.2992 to get started on the hunt for the perfect Toronto Home.