Real estate market interventions are expected to curb first-time buyers’ enthusiasm

Original article via Financial Post. Click here to read.

Home sales are expected to slow and prices will edge up just slightly this year as government policy interventions continue to dampen the once roaring Toronto real estate market, particularly among first-time buyers.

The Toronto Real Estate Board predicted sales this year will drop just below 2017 levels, in a second consecutive year of declines. Toronto recorded 92,394 transactions in 2017, marking a steep drop of 18 per cent from record sales volumes the year before.

 

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