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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





28 December 2018

Most probable headlines for Toronto real estate market in 2019

We’ve analyzed recent commentary and interviews about Toronto housing market and collected the most probable headlines you may see next year.

Toronto rebound is supported by slower rate of home construction

It’s been a rough year for Toronto and Vancouver, especially for the single-family houses sector. Nevertheless, the cities are expected to go in different directions in 2019.

According to Capital Economics, Vancouver is more overvalued and will also face more oversupply due to active construction.

Vancouver builds 1.2 units per newcomer, while in Toronto it’s only 0.5. Vancouver’s high rate of construction will probably affect pricing. When more units appear at the market amid restrained demand, builders tend to compete and cut the prices.

Immigration keeps pushing demand for Toronto real estate

There are numerous challenges for the housing demand in Toronto, including rising interest rates and mortgage stress test, but immigration isn’t on this list.

TD expects population growth to be healthy in the nearest future, and some cities will take more advantage of it than others.

“As many new Canadians choose Toronto and Vancouver, the demand conditions are likely to remain healthy,” - TD Economics says.

 

 

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