Why Toronto Will Be Canada’s Most Expensive Market by 2025! 🇨🇦

1. Toronto’s Housing Market to Boom in 2025
Toronto’s real estate market is expected to become the most expensive in Canada, surpassing Vancouver by 2025.

2. Market Fundamentals Remain Strong
Core drivers of Toronto’s real estate market remain solid, ensuring long-term growth despite recent challenges.

3. Interest Rates to Drive Market Growth
Declining interest rates are predicted to trigger a housing boom in Toronto, positioning it as Canada’s priciest market.

4. Still More Affordable Than Manhattan
Toronto remains a more affordable option compared to Greater New York and Manhattan, despite rising home prices.

5. Recovery Lagging in Toronto and Vancouver
While other Canadian cities have recovered, Toronto and Vancouver are expected to be the last to rebound from the post-pandemic downturn.

6. Strong Long-Term Trends for Homeownership
High incomes, immigration, and strong demand for homeownership will support Canada’s top homeownership rates, even as some are priced out of Toronto.

7. Toronto Condo Market Set for Recovery
The condo market in Toronto is poised for a strong comeback, creating new opportunities for buyers.

- Reference:
Insights from Royal LePage President & CEO, Phil Soper.

.
.
.
.
.
.
.
#realtyqa
#realestate
#property #house #condo #residential
#commercial
#toronto #canada #ontario
#vancouver
#immigration
#migration
#interest
#mortgage
#housing
#travel
#realestatetips
#realestatebroker #realestateagent #realestatemarket
#investment
#sale
#mls
#instadaily #instagood #videooftheday
#iphoneography

@inside_to @canada
@explorecanada
@ongov
@torontolife
@cityofto
@blogto
@thebankofcanada
@rbc

свернуть