Real estate board to monitor new rules as September house prices jump

Housing in Toronto can be expensive as many of you may know, but  according to the Toronto Real Estate Board (TREB) average house price rose to $755,555 in September 2016.

What does this mean? Well for those now looking at Condos be prepared to also experience some price adjustments with average condo prices in region increasing in average price to about $422,002.

Vancouver recently implemented a Foreign Investors Tax so that may lead to Toronto attracting even more attention with its housing market.

Maybe it’s time for me to grab something soon and get in on a good investment while the market’s still hot?

What do you think?


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