This increased interest in the 905 housing markets is evident in the growing usage of GO Transit, the provincially-owned regional transit network. It boasted a ridership of 56.6 million people in 2018, upping service by 13% to 217 weekly trips.
The Toronto Real Estate Board released its resale housing market results for March 2019, reporting steady sales and prices, though the market remained tight. TREB also continues to blame the mortgage stress test for slower sales.
The Building Industry and Land Development Association released its monthly new home sales figures for February 2019, reporting a significant spike in new single-family home sales in the Greater Toronto Area.
Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.