Toronto’s housing market is much more boring than widely advertised

Over the past year there’s been a lot of doom and gloom in the press about a potential over valuation of housing and an impending bubble in the Toronto Real Estate market.



Amid a torrent of calls for calamity in the Toronto Real Estate Market, we’ve actually
seen a seasonally adjusted price increase on average of 4.9% (BMO).   It’s not a great result, but having some real estate in your portfolio of investments has always been a prudent way to help balance your portfolio.

So, I think that we are looking towards another good year for 2014 with another moderate increase in price in Toronto.  Here’s what I think some of the main factors are…

  1. Continual high levels of migration to Toronto, about 100,000 people a year
  2. Every year more and more jobs are being created in Toronto
  3. The cost of borrowing money (and mortgages) is still at historical lows
  4. Original condo boom buyers will outgrow their condos and will move up to a house

If you are thinking of buying or selling Toronto Real Estate, just give me a call at 416-671-5775

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