Price Of A Larger "Normal" Toronto Condo In 2026 Will Be Over $2 Million.
This is a forecast only, but it does not look like house prices are slowing down any time soon
The price of real estate in the GTA has been on the uptick over the last little while and a major point of contention for those looking to purchase a new home in Toronto. Unfortunately, according to a new report released today it does not look like any pricing relief will be coming for buyers anytime soon.
The report released by The Richards Group is forecasting that prices will continue to significantly increase for the next seven to ten years. The report also suggests that the average cost of a detached house in Toronto will likely rise to the staggering price $3.5 million by the year 2026.