With so much uncertainty surrounding the housing market recently, it can be hard to decipher what was, is, and will be.
At North Group, we understand this. That's why we’ve released our summary of the latest 2017/2018 Market Outlook Report from the Toronto Real Estate Board.
What we’ve learned: there’s going to be quite a few things that will play a big part in our final decision-making processes for this year, like
- The announcement of the Ontario Fair Housing Plan
- Immigration levels & a tax on foreign buyers
- Introduction of a new mortgage stress test
- Renter vacancy rates
- Population & housing demand
Have a look to see what you need to know before diving into your next deal. We’re here to help ensure that you are getting the most out of your buying, selling, or investing experience!