Toronto Real Estate Prices Still Strong

Aug 6, 2017- Don’t let sensational headlines sway you- the Toronto real estate market may not have seen increases in the last few months, but hey- it is summer. And prices were increasing at a rapid rate. TREB’s Market Watch Report shows that year to date average sale prices of all home types have increased 17.3% from this time last year. Still a large gain. So if you are considering buying, don’t sit on the fence- with mortgage rates rising and lending rules tightening, buy now. Thinking of selling? Don’t wait. There is pent up demand for good properties and lending practices will make it more and more difficult for buyers to be able to borrow. Now is the time. Andrea Stark, Sales Representative, J&D Division of Royal LePage RE Services Ltd., Brokerage 416-489-2121

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