The Greater Toronto Area condo market finished 2019 with rising prices and strong buyer demand. That story is expected to continue in 2020.
As prices continue to increase, an emerging trend will become even more evident in the 2020 market, according to Scott Davie, founder of Davie Real Estate Inc. and a real estate industry veteran with more than 30 years experience. The high-rise market is defined by affordability, he explains, and as 416 price escalation continues, people are looking for more affordable options.