Predicting Condo Prices to Rise Over 20%

Available condos for sale on MLS in Central Toronto (C01,02,03,08,09,10,11) bounded by Eglinton, Lake Ontario, Dufferin, and the DVP has plummeted to a low of 756 units. This is a 54% drop over last year at this time. Keep in mind last year was a record year for sales and price increases. This dearth of property for sale will continue to make it very painful to buy real estate in the 416 this year. I now predict that condo prices will rise by over 20% in the 416 over 2017!