February 2020 Market Watch
February 2020 Numbers!
Home sales in the Greater Toronto Area reached 4,581 last month, according to the Toronto Regional Real Estate Board, a 15-per-cent increase over January last year, when activity slowed because of tougher borrowing rules, higher interest rates and a 15-per-cent tax on foreign buyers of real estate.
Making borrowing easier without stimulating supply will push prices higher, and could make it harder to afford homes
In August, sales of detached homes in the 905 region outside Toronto climbed by 25 per cent over last year, accounting for almost 40 per cent of all homes of any type sold in the Greater Toronto Area.
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