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– theglobeandmail.com
Lack of homes on the market to drive Toronto real estate prices, realtors say – CTV News
– news.google.ca
TREB: Expect double-digit property price increases this year
– moneysense.ca
It says the average price for all types of housing is expected to rise to about $825,000 — up from $730,472 in December and $729,922 for the 2016 calendar year.
Vancouver housing market third most expensive in world »
The board says the highest year-over-year price increases will be for low-rise types of housing such as detached, semi-detached and townhouses.
It estimates there will be between 104,500 and 115,500 home sales this year through its MLS system — more or less similar to the 113,133 recorded last year, despite a shortage of property listings.
The group is repeating its call for the private, public and not-for-profit sectors to seek solutions to increase the supply of properties for sale in the Toronto region rather than attempting to reduce demand from would-be buyers.
Finding help in this crazy housing market »
The board says the active listings at the end of December in the Greater Toronto Area were at their lowest level since before 2000…


