Reasons Behind the High Real-Estate Prices in Toronto
Monday Jun 14th, 2021
For many people, owning a property in Toronto has become a distant dream due to exorbitant prices that continue to set new records in 2021. While the pace of price growth comes slightly down from time to time, home prices will mostly continue on the upward trend. Combined with the fact that the median income in the city has failed to keep up with mounting house prices, it is quite impossible for most people to think about home ownership. From low-interest rates, to the proliferation of foreign buyers, to onerous land transfer taxes and fees, here are the biggest drivers of high real-estate price growth in the GTA.