MARKET UPDATE FOR THE WEEK ENDING APRIL 21ST, 2017

The sky is not falling. The pigs are not yet flying. And we are pretty sure that the price of real estate in Toronto is going to keep climbing, though perhaps not as quickly as it was already this year.  But really, maybe it will.  After the announcement of the Government of Ontario’s ‘Fair Housing Plan’ our in-house experts pored over the information looking for whatever information might lead us to think the suggested changes would improve housing affordability in the GTA. We quickly dismissed point 15 thinking that while working elevators are fairly essential in a condo building, their lack of movement up or down was probably not having a huge effect on affordability in the market.

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