2016/2017 CHMC housing market outlook for the GTA
A short and easy to read summary of the CHMC study on the 2016/2017 CHMC housing market outlook can be found on this page and a link to the entire downloadable report can be found at the bottom of this post.
At any time, if you wish, you can request a one on one meeting or conversation to learn details of this educational study by phone or text dialing 416-262-7139
- Home buying affordability may decrease
- Toronto is the most expensive city
- Supply will keep the resale market balanced
- 30,000 condos in GTA
- 2017 prices will go up 2%
- Price growth to slow
- Pace of construction to ease
- Condos to dominate construction increase
- Low inventory has led to higher prices
- Low-rise sales trending higher
- Unemployment and earnings growth is low
- Bank of Canada lowers target rate
- Price growth outpacing income growth
- Price growth reflects sales of expensive homes
- More transactions are in the expensive house market
- Condo inventory above historical level
- Growing long-term investor activity
- Most condo inventories are bought to rent
- Condo investors are there for a long run
- Slower price appreciation for new condos
This study may be very useful for all those who are engaged in one way or another in the
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housing market in the Greater Toronto Area; Whether you are seeking to purchase a home or condo in the coming 2 years or you already own a real estate property, this insight may help you to take a wise decision.
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