Home Prices are Expected to Skyrocket in Toronto this 2020
Toronto’s Real Estate Board has reported an increase in real estate sales in the second half of 2019. Their most recent figures have presented an average home price of CA$910,419, which is almost a CA$100,000 up from last year’s figures, which is at CA$840,391.
The 2020 House Market Predictions reported a statement from Zoocasa, a Toronto-based real estate brokerage, about the recovery of the market from the 2016-2018 boom-bust cycle. It means that the housing market in Canada will continue to rise to recover the loss it experienced 3-4 years ago.
Contributing factors to the skyrocketing prices in the housing …