Toronto sales volume jumped 9.9% last month eating into already low inventory. So much so that active listings hit a brand new record low at only 0.8 months of inventory! Compare that to Vancouvers 2.2 months and you can imagine how extreme the situation is. No wonder prices rose 4.3% in Toronto last month alone. In this episode, we look deeper into what is happening in the Toronto housing market, we talk National Employment and where we predict housing prices to go from here.
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Dan Wurtele, PREC, REIA
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