The
Toronto real estate market is recovering after a "cooling" caused by tightening lending rules and rising borrowing costs. The volume of transactions with
real estate in Canada's largest city shows its maximum over the past 14 years.
According to the
Council of
a href="http://www.gjacip.ru/toronto/">Toronto real estate,
home sales in the summer of 2018 increased by 2.4 percent compared to the same period last year. Prices have also stabilized and reached new highs. Average cost
apartments in Toronto rose 2 percent from a year earlier to $615,000. Transactions in
resale properties in Toronto jumped 17.6 percent, the most significant increase since 2004.
The rise in
Toronto housing sales and prices has come after several months of decline, which was mainly driven by a wave of regulations introduced to cool the market. Sales are expected to improve during 2019.
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