Double Digit Home Price Increase for Toronto in 2017

Largest impediment for Toronto Market is Lack of Inventory according to TREB.

On January 31st, the Toronto Real Estate Board released its annual Market Year in Review & Outlook Report at its Economic Summit. This report provides a look forward into the 2017 housing market and tackles top-of-mind issues, including consumer intentions, foreign buying activity in the Greater Toronto Area, impact of transportation infrastructure on housing affordability, and the lack of housing supply. Click Here to download the full report.

2017 Outlook Highlights

TREB is forecasting a strong year for home sales, with a projection of sales between 104,500 and 115,500 units with a point forecast of 110,000 units – down 2.7% from the 2016 sales reported by GTA REALTORS.

With strong demand and constrained supply of listings in 2017; double-digit annual rates of price growth (between 10-16%) are expected to remain across most of the GTA. The average price will range between $800,000 and $850,000 with a point forecast for the average selling price of $825,000. Low-rise homes, including detached, semi-detached, and townhomes; will continue to lead the way in annual price growth but condominium apartment prices will continue to see an upward trend.

2017 Ipsos Survey Highlights

  • 28% of GTA Residents are Somewhat Likely or Very Likely to Purchase Real Estate
  • 53% of GTA Intending Buyers are First-Time Buyers
  • 40% of GTA Intending Buyers intend to purchase in the City of Toronto
  • Just under 66% of GTA Intending Buyers plan to purchase re-sale homes
  • 14% of GTA Intending Buyers expect to pay $1 Million+ for their home
  • 48% of GTA Intending Buyers plan to purchase a Detached Home
  • 27.6% is the Average Down Payment GTA Intending Buyers plan to put down

About the Toronto Real Estate Board

The Toronto Real Estate Board was founded in 1920 by a small group of real estate practitioners. Today, as Canada's largest real estate board, TREB serves more than 45,000 Members.

Toronto Real Estate Board REALTORS® are passionate about their work. They're highly trained experts who have all the tools and skills to help you buy or sell your home.

They're marketing professionals who know how to make your home more saleable. And they know what questions to ask when you're considering buying a home.

They're up to date on the most current market conditions so they can counsel you through all the important decisions. And they negotiate for you to maximize your return. Get peace of mind with a real estate professional.

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About Royal LePage Vision

Founded in 2003, Royal LePage Vision, in Toronto, is a multiple award-winning brokerage with a strong contingent of high-performing agents. Our strength over the past 13 years is rooted in technology and how innovation translates to exceptional service.

From top to bottom our brokerage is built on making it easier for our Realtors to succeed in real estate while staying consistently connected to the office. With a strong emphasis on training, for both our support staff & Realtors, each one of our Realtors has the support and tools to be effective in their market.

If you would like to learn more about the difference VISION makes, please give us a call at 416-321-2228 or visit


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Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 10/20/2018 6:37:05 AM