Some say that Toronto’s real estate market is heading for a crash while others argue that it is not headed anywhere but back to normal. The figures are showing that sales are down but these figures are more normal compared to a year ago or so when the records were breaking new records. Reports show that homes for sale in the Toronto area are down eighteen percent compared to home sales this same time last year. If you are looking for a home in the city of Toronto you will be happy to know that although you will be paying the initial premium cost of buying in the city, so far the cost of Toronto homes continue to rise. Not great news when applying for the mortgage to your new home but excellent news when you have owned that home for a few years and its value has increased.

The Toronto Sun has more details on Central Toronto Real Estate