Click To LIsten To Market Update & Predictions
If your wondering what happened with the Real Estate market in Toronto in 2012 the video below has been put together by the Toronto Real Estate Board.
Jason Mercer our statistics man has done a complete in depth re-cap of the year. The year 2012 shaped up as 2 distinctive halfs with very different statistics. It also explains the affect that changes in lending practices may have had on the marketplace. The video is about 23 minutes long and also gives you Jason’s practical but visionary viewpoint of where he thinks the market is going to.
Real Estate In Toronto 2013
The quick and dirty is that Jason is predicting lower sales in 2013 however, there will be more listings available with approximately a 3-3.5% increase in prices with the average price in the city moving up to about the $515,000. range.