Ballantry Homes’ Mark Lawrence has full confidence that the GTA housing market will remain strong in 2015 and beyond, as Ontario reasserts its economic dominance and migration brings tens of thousands of people to live in the Greater Golden Horseshoe each year. All of them will need to live somewhere.
But while Lawrence’s forecast calls for sunny skies, Ballantry’s sales and marketing manager acknowledges the dark clouds looming over the homebuilding industry: “Prices continuing to rise and demand for new (detached) homes outpacing supply,” he says.
