Mid-Month Report Reveals January Off To Slow Start

The 2018 Toronto housing market is off to a slow start, and buyers’ market conditions prevail.

According to mid-month data collected by Zoocasa from the Toronto Real Estate Board (TREB), numbers indicate sales are down annually across every housing type — with the exception of semi-detached homes.

A number of factors could be influencing January real estate, which, so far, is in sharp contrast to the frantic activity witnessed in early 2017 when Toronto real estate ramped up towards the March peak. This year, buyers and sellers prove trepidatious as new mortgage rules — which have slashed affordability for the average buyer by 20 per cent — are absorbed.

The mid-month numbers compile sold data from the first two weeks of the month, providing a short-term pulse on market trends.

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