The Toronto Real Estate Board is moving to another record year in 2015 with a record month in May. There is still a pent up demand left over from our exceptionally cold winter, continuing low interest rates and ongoing immigration. There is lots of talk about the market being pushed higher by foreign investors but those investors only appear in a thin part of the marketplace.
Toronto, under our new mayor seems to be less controversial with an eye to problem solving for the first time in years and that is making buyers feel positive about the marketplace. Look to TREB reporting over 100,000 sales at the end of this year, which would be a record year for its 40,000 members.
Title photo by BriYYZ