11 Jan This is what 2018 has in store for the Toronto real estate market.
Original article via BuzzBuzzHome. Click here to read.
2017 was a year of rocketing highs and plunging lows for the Toronto real estate market. The new year promises to be a bit more balanced — but for how long?
“I think we’re going to see a perception problem in the market, at least for the first few months of the year,” Bullpen Research & Consulting president Ben Myers tells BuzzBuzzNews. “This time last year we were in a bubble — prices were in the $900,000s. We’re going to see comparisons year-over-year that are going to look really terrible, and people will think the market is tanking.”
Which it won’t be, according to Myers, though it will cool somewhat in the first few months of the year as the market adjusts to new mortgage rules.