By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | IlanJoseph.com
February 25, 2014 | © All rights reserved
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Wondering what to expect in 2014 from Toronto's Real Estate Market? Here are some of my 2014 predictions for Toronto Real Estate.
Real estate, like many aspects of our economy is heavily influenced by factors that are out of our control. That is a reason why it’s difficult to make predictions for Toronto real estate without first acknowledging that global events such as international conflicts, natural disasters, oil shortages, the collapse of large economies (think China) all impact our local real estate market in one way or another.
If all things remain relatively stable globally, you can expect to see Toronto and Vaughan real estate markets doing fairly well in 2014 with selling prices higher than the rate of inflation. The immediate picture is clear – very strong demand for low-rise houses will continue throughout the year, especially in highly sought after locations throughout Toronto, Thornhill and Vaughan.
In 2014, these three things will remain true:
- Toronto’s real estate market will not crash.
- Low-rise homes in the greater Toronto area will sell for historically high average prices.
- Worldwide turmoil’s make Canada look like a nice place to live.
If you have any questions about the home buying process or would like some information about the Toronto, Vaughan or Thornhill real estate market, feel free to contact me.
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