Will Toronto be Spared a Major Real Estate Correction?

John Pasalis in Toronto Real Estate News

While the real estate market may be crumbling out west, recent media reports suggest that Toronto’s real estate market is one of the more rational in Canada.

This week CIBC senior economist Benjamin Tal forecasted that house prices in the GTA will drop approximately 5%.  Based on our Year to Date average of $387,080, a 5% decline would bring us to $367,726. 

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