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Where Is Toronto’s Real Estate Market Headed Over The Next Five Years?

Author: 
Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary: 

Toronto's real estate market has seen significant population growth over the past five years, leading to an increase in property prices, particularly for condos. The pandemic has further accelerated the market, with trends like remote work and increased demand for space pushing up housing costs. However, Strata.ca realtors predict that new policies introduced by the Liberal-NDP coalition government will lead to an increase in housing supply, creating a more balanced market. The policies include the rapid housing initiative, the Housing Accelerator Fund, and a Homebuyers Bill of Rights. Neighbourhoods like Regent Park and Flemingdon Park are expected to see high returns on investment, particularly for condos with reasonable fees and parking. For those looking for long-term value, a detached home in a desirable area with frontage is recommended.



Keywords: 

Toronto, real estate market, trends, policies, housing supply, balanced market, population growth, construction, interest rates, foreign investment, Non-Resident Speculation Tax, stress test, pandemic, work from home, government policies, rapid housing initiative, Housing Accelerator Fund, Homebuyers Bill of Rights, property flipping, condos, investment, neighbourhoods, Regent Park, Flemingdon Park, transit project, Ontario Line, detached homes.

Source Citation: 
Robert Van Rhijn
Where Is Toronto’s Real Estate Market Headed Over The Next Five Years?
June 4, 2022
https://strata.ca/blog/where-is-torontos-real-estate-market-headed-over-the-next-five-years
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