Toronto home prices likely to be hot again in 2020 after 4 per cent increase last year.

Original article via The Star. Click here to read.

Resale home prices rose by 4 per cent in the Greater Toronto Area in 2019, according to the Toronto Real Estate Board (TREB) — and prices will continue to rise into 2020 unless there’s an increase in the housing supply, the board predicts.

The price increase was in line with the moderate market recovery the board had forecast last February. But TREB chief market analyst Jason Mercer warned that tighter market conditions are already having an impact.

The average price of a resale home (including both houses and condos) rose to $819,319 last year, up from $787,856 in 2018.

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