Toronto Housing Market Resilient In First Quarter
Re/Max has released a housing report showing 12 of 15 Canadian Real Estate centres reported home resale activity ahead of last year’s figures.
More than 50 per cent of these cities reported double-digit increases in Real Estate sales.
The reason, low-interest rates, strong consumer confidence and a mild winter that saw cottage buyers looking at this summers product without snow.
With the early start to the Real Estate Spring market, home prices were increasing by 10 per cent in Toronto showing a demand for good homes in a popular neighbourhood.
Bidding wars have resulted when fewer homes come on to the Toronto MLS.