No matter what is said in the history books about 2016, it proved overall to be a great year for real estate in Canada.
Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before. As prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won’t be fully understood for some time.
Ontario – Record Sales in 2016