The market is assessing the impact of Coronavirus. The impact in Toronto will likely be significant but may not be as strong as some fear.
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.
Metro Toronto real estate prices are still facing several high impact risks before taking the Coronavirus into account.
