Low inventory in Vancouver and Toronto continue to drive prices as buyers find themselves in competition over the low supply of single-family homes. The average residential sale price in Toronto and Vancouver at the end of the first quarter grew 8 per cent and 7 per cent, rising to $594,827 and $874,869, respectively. In both markets, first-time buyers find themselves in competition with downsizers and investors with more resources to outbid... [Read More]
GREATER TORONTO AREA
The Greater Toronto Area housing market had a busy first quarter in 2015. The average residential sale price was up 8 per cent year-over-year, an increase driven by lack of supply and low interest rates. Condos are an increasingly popular choice particularly for... Read More
