Royal LePage Forecast for Toronto (GTA)

According to the predictions of Royal LePage we should see some increases in the Greater Toronto Area as follows”

Overall, prices will increase in aggregate from $1,132,000 to $1,256,500. That’s an 11.0% increase.

When it comes to Single-Family Detached, they will rise from$1,422,000 up to$1,564,200 which represents a 10.0% increase.

Condominiums will go from $682,000 up to $763,800 which represents a 12.0% escalation. The reason is that they are at the lower end range of  pricing.

These numbers coincide with the predictions by RE/Max Canada.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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