What\u2019s going on here: Online brokerage Realosophy tracked the average price of a GTA condo unit over the past four years.<\/p>\n The takeaway: While we aren\u2019t seeing the spike in prices that occurred in the spring of 2017, condo prices have maintained a steady rise over the past year, even as other housing types struggled.<\/p>\n 2. Other property types aren\u2019t doing nearly as well<\/strong><\/p>\n What\u2019s going on here: Scotiabank Economics used data from the Canadian Real Estate Associate (CREA) to track the trajectory of low-rise home prices over the past two years.<\/p>\n The takeaway: In Toronto, Vancouver and Montreal low-rise homes saw a steep drop off in prices, as buyers flocked to the relatively more affordable condo market.<\/p>\n 3. New mortgage rules may have something to do with it<\/strong><\/p>\n What\u2019s going on here: Realosophy charted GTA condo prices over the past six years, noting when stricter mortgage qualification rules came into in October 2016.<\/p>\n The takeaway: Condo prices spiked after the stress test was announced, as buyers suddenly had to reconsider what they could and couldn\u2019t afford. \u201c[Since October 2016] the average price for a condo climbed to $559,343 in April 2018, a 30 percent increase in just a year and a half since the stress test was introduced,\u201d writes Realosophy president John Pasalis, in a report.<\/p>\n 4. New condo sales have remained steady<\/strong><\/p>\n![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/12\/Screen-Shot-2018-12-01-at-8.28.46-AM.png\")
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