More on Toronto and Hamilton Real Estate

As reported in the Globe and Mail Toronto and Hamilton are the #1 and #2 real estate markets in Canada for price appreciation. As reported in the Globe and Mail Toronto and Hamilton are the #1 and #2 real estate markets in Canada for price appreciation. As reported in the Globe and Mail Toronto and Hamilton are the #1 and #2 real estate markets in Canada for price appreciation. As reported in the Globe and Mail Toronto and Hamilton are the #1 and #2 real estate markets in Canada for price appreciation. This further confirms what I have been advocating for years. Developer’s unsold inventory is down to 9000 units in Toronto, or a four-month supply. The Toronto region has a very serious supply issue. Prices are going to continue to rise. At this point, a 20% rise in Toronto is a minimum estimate by my account. I would not be surprised if we hit 25% year over year for 2017.

The City of Toronto Planning Department and the City Councillors need to wake up to the realities of this city. Increase density now! Their constant attempts to stifle reasonable development for the sake of Nimbyism is appalling. They have created a housing crisis and continue to support a policy that will just lead to unreasonable prices for homes in the GTA.

For more on Toronto’s and Hamilton real estate market, visit this link.