Cristian  Vergara

Cristian Vergara

Broker

SUTTON GROUP-HERITAGE REALTY INC., Brokerage*

Mobile:
416-225-2290
Office:
905-619-9500
Email Me
Cristian  Vergara

Cristian Vergara

Broker

SUTTON GROUP-HERITAGE REALTY INC., Brokerage*

Mobile:
416-225-2290
Office:
905-619-9500
Email Me
Cristian  Vergara

Cristian Vergara

Broker

SUTTON GROUP-HERITAGE REALTY INC., Brokerage*

Mobile:
416-225-2290
Office:
905-619-9500
Email Me

Summary of the TRREB 2020 Housing Outlook

TRREB 2020 Housing Outlook

Summary Notes of the Toronto Regional Real Estate Board's Economic Housing Outlook for 2020

  • City of Toronto to make more emphasis on the Housing Near Transit
  • Solutions for the 1 KM problem - The distance between the Train/Subway and a computers home or work. This part of the travel seems to cause the most traffic - solution build near the stations
  • Toronto looking for different Housing Mixes
  • Current Amount of Listings for Sale and Up Coming New Projects do not meet Current and future Demands
  • Currently much more demand than available homes for Sale on the Real Estate Board - Seller's Market
  • Most properties are being purchased with 20% down payment or more
  • 2/3 of properties are being purchased with mortgages
  • Downtown Toronto Condo market Will continue to rise quickly
  • Condo Market, personal use is looking for 2 bedrooms units, while investors are still preferring 1-bedroom Units
  • Most Large Investors are putting their Money in Industrial Lands
  • Expected: 3-4 % Increase in Rental Rates
  • Expected: 10% INCREASE in Real Estate Prices in Toronto and GTA

If buying, this year hurry before the price go up even further. If selling, it is going to be a good real estate year.

Contact me, Cristian Vergara, for more information at cvergara@sutton.com.

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