Friday, October 20, 2017
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Year in Review 2012 and Market Outlook 2013

The presentation is broken into three categories:

  • Market Review 2012
  • The economy and interest rates
  • 2013 Outlook

Here are the highlights for your quick review:

2012 Market Review

  • Sales over 2012 were 85,731 vs 89,096 in 2011
  • Sales were higher in 2012 till June from 2011 levels and dropped off in the last part of the year
  • The new strict mortgage guidelines came into effect in June which helped cool down the market.
  • Additional land transfer tax is hurting the Toronto Real Estate Market.
  • Home price growth justified by Solid Affordability
  • Divergence in Months of Inventory

The Economy and Interest Rates

  • GDP Growing slowly
  • Strong Employment growth
  • Unemployment trending back to norm
  • Household income to grow
  • Chance of rate increase in 2013?

2013 Market Outlook

  • TMLS Sales lower in 2013
  • New listings will edge upwards
  • Moderate price growth in 2013
  • Interest rate hikes?

Hope this helps…