2019 was an exceptional year for Metro Toronto home prices. The value of a benchmark house rose by close to 6%. Apartment and Townhouse prices rose throughout the year too.
Buyer interest was stronger than in 2018 but it didn't manage to match levels reached in any of the previous 3 years.
Price rises appear to be driven more by a lack of willing sellers than by growing demand.
A typical Metro Toronto household still cannot afford current house prices and Metro Toronto real estate prices are still facing several high impact risks.
