Overview: a forecast of the 2021 Toronto condo market, including the impacts of vaccines, jobs, immigration, rental supply, the freehold market, price predictions and more. Before the pandemic, condo sales were strong, competition was fierce, and prices were soaring. Today, however, condos seem to have fallen out of favour. While freehold properties such as detached homes are seeing a boom…
Tag: forecast
Post-COVID: Toronto Real Estate In 2021 and Beyond
Overview: a look at Toronto’s housing market post-COVID, including home prices, house vs condo sales, immigration and more. 2020 has been one terrible surprise after another. So how can anyone predict what next year will look like? While we can’t be 100% accurate, we can use the latest data and trends to forecast 2021 with some confidence. Plus hope is…
2020 Toronto Housing Market: What To Expect
Now that the latest figures are in, we have a clear answer to the question: how did the market perform last year? According to the Toronto Real Estate Board (TREB): Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. In other words, 2019 was…