Video: Toronto house prices going up!
January 10, 2014
Royal LePage’s president, Phil Soper, was interviewed on CTV News and his perspective on the real estate market is quite clear; house prices throughout Canada will be increasing through 2014 and there is no expectation of a crash or hard landing. Toronto’s house pricing is third in line behind Vancouver and Calgary and it’s going to take a long time for the values in our city to come up to the price points of Vancouver.
Obviously, if prices keep climbing it makes it harder and harder for first time buyers to enter the market and if mortgage rates inch up over the summer as some pundits predict, then it won’t make it any easier… SO, if you’re thinking of buying a home, it’s best to get in the market sooner than later!
Here is the video: http://www.ctvnews.ca/video?clipId=271774