TREB Market Year in Review and Outlook Report 2018
Please click the link below for the full report. A portion of the Outlook Report text is quoted below.
26 percent of respondents in the November 2017 Ipsos Home Buyers Survey indicated that they were very likely or somewhat likely to purchase a home in the following 12 months.
Approximately one-quarter of respondents felt that they would not qualify for a mortgage on their chosen home if their qualifying rate increased by two percentage points.
TheforecastrangeforsalesreportedthroughTREB’s MLS® System in 2018 will be between 85,000 and 95,000 transactions.
The forecast range for the overall average selling price will be between $800,000 and $850,000, pointing towards an attending of the price trend in 2018.
Continuedrentgrowthwell-above the rate of inflation is expected for 2018 due to dwindling supply and newly-introduced rent control legislation. "
Page 22 - Outlook: Looking Ahead to 2018
If you have any questions or concerns please don’t hesitate to contact Mary Jo at email@example.com or (416)-690-2181.