Toronto’s Number Of Sales Declines But Prices Strong (Infographic)

The Blue Building by Jay Woodworth
The Blue Building by Jay

Toronto has been the top-ranked city for overall real estate prospect for years. It has been a convenient place to live for its many offices and work opportunities, gyms, shopping centres, and beautiful nature that permeates the city. Toronto has a that certain vibe that sets it apart from other cities. Despite its uniqueness Calgary and Edmonton ranked higher in Emerging Trends in Real Estate 2013 report released last Tuesday. Why is this, and what does it mean for us?

The report by PwC and the Urban Land Institute claims that the Canadian real estate market will remain steady without any major hiccups and with good investment and development prospects as reflected by solid supply and demand. Toronto has nothing to fear; however, we can expect a lower number of units sold and a slight downfall in average price per unit.