The Toronto Real Estate Board
has released theirNew Diet
monthly housing sales and price report forNew Diet
December. What is shocking is that prices are up 19% for detached homes, 16% for semis,New Diet
13% for townhouses and 8% for Condos on a year over year basis. This is an incredible amountSearch job?Search job?Search job?
of price appreciation considering that inflation is hovering at below 1%. The majorityNew Diet
of this price growth is driven by low interest rates and it begs the question whether thePlease Donate our site
government will take any additional measuresPlease Donate our site
to cool the housing market.
ForPlease Donate our site those thatSearch job? have bought housing in Toronto within the last 10 years, you are certainty getting a greatPlease Donate our site return on your investment (especially if it is leveraged with mortgage debt).
Source: Treb Report Monthly Resale Housing Market Figures