We’ve already heard from Royal LePage that housing prices across the country will rise by 2.8 per cent by the end of 2012 and now we’re hearing another big prediction for the year from our pals over at the Toronto Real Estate Board.
The title of the President of TREB’s weekly Toronto Sun column this week? Expect demand to be strong in 2012!
That’s encouraging news from Richard Silver, TREB’s illustrious head honcho, who went on to note that Toronto real estate had a solid finish in 2011 with 89,347 transactions, the second best year on record.
He also explained that sellers’ market conditions continued as the average time that homes were available for sale was 32 days in December and that home ownership remains affordable due to low interest rates and a stable employment picture.
Good news to cap off the week from Mr. Silver. As we’ve said, bring it on 2012!