Toronto Sales Up from Last Month as Market Gains Momentum Again in November 2017
Monday Dec 11th, 2017
Toronto Property Values are Up Again Year Over Year as the Toronto Market Starts Pushing Forward into Winter 2018
November 2017 - 7,374 sales changed hands - an increase in sales compared with October of this year but down from the same time last year.
Average selling prices grew by 13.4% year over year. A much heftier growth than we've seen recently probably due to new incoming mortgage rules on Jan 1 2018.
Condos are now starting to increase in value by a higher percentage compared to houses. This will represent a harder time for first time home buyers and buyers priced out of houses.
The New Mortgage Lender stress Tests coming into play January 1st 2018 for buyers with 20% or more as a downpayment will definity play a role in affordability come the new year. Contact me to find out just what this might mean for you.
Contact me for more details: gaelen@gaelenpatrick.com or direct at 416-801-9265
Check out the detailed report here...
http://www.trebhome.com/market_news/market_watch/
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