Toronto, the capital of Ontario and the largest city in Canada, is home to over 5.5 million people. Its skyline is easily recognized around the world, defined by the CN Tower. Toronto is one of the world’s top centres for many reasons, including the arts, business, television production, publishing, medical research, education and tourism. It’s a city that abounds in stunning architecture for all tastes from luxury custom-builds in its north end, to Victorian homes in its historic areas or new condos in the downtown core. It is a wonderful mixture of cultures from around the world, making Toronto one of the most attractive cities to live in.
Toronto Market Trends
High demand and limited inventory continue to make the GTA a seller’s market.
The new OSFI regulations, foreign buyer’s tax, rising interest rates and immigration growth have all impacted sales and activity in 2018. Activity in the Greater Toronto Area was primarily driven by move-up buyers, many making their second or third transaction. Detached single-family homes are seeing the most activity, followed by condominiums. Continued high demand for condominiums is expected for the spring market.