Monthly Archives: February 2018

2018 GTA Housing Market

Experts Optimistic About 2018 GTA Housing Market

The first month of 2018 has flown by and with it, an idea of what’s to come for this year’s real estate market. So far, according to January data from the Toronto Real Estate Board, sales conditions are slower than they were this time in 2017 – but experts expect that to change, as prospective buyers take new mortgage rules and rising interest rates in stride.

“As we move through the year, expect the pace of home sales to pick up as the psychological impact of the Fair Housing Plan starts to wane and home buyers find their footing relative to the new OSFI-mandated stress test for mortgage approvals through federally-regulated lenders,” said Tim Syrianos, president of TREB.
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