February 2018 Newsletter
January 2018’s Toronto housing market reflected the measures taken by various levels of government to cool escalating home prices and consumer debt. At this time last year, we were in the midst of a housing price spike driven by exceptionally low inventory, which should be recognized when making comparisons to January 2017. However, prices for January 2018 showed a more modest growth consistent with the last half of 2017, and coupled with an increase in housing inventory, may be a hopeful sign for buyers who have been shut out of the market for lack of product.
