GTA Housing Market Outlook 2016-2017 by CANADA MORTGAGE AND HOUSING CORPORATION

This week I have visited a seminar held by TD Bank and CMHC.

The most interesting points are the follows:

– Fewer sales for GTA in 2016-2017

– Affordability is in decline with growing gap in between required income vs actual income

– New construction will slow down

– Appreciation rate for both condos and low-rise will slow down drastically

– New condos are feeding a rental market supply

– Almost 6% of all new condo buyers in Toronto Center are non-Canadians

Here is their vision for the upcoming two years in slides: GTA Outlook (22 Feb)

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