MLS® sales and price growth in 2011 will be propped up by a strong first half, but are expected to moderate in the second half of the year before regaining momentum in 2012.
Total MLS® sales in the GTA will reach 86,000 units this year and maintain that level in 2012. Average price growth for 2011 will be 4.3 per cent with slower appreciation in store for next year.
Housing starts in the Toronto CMA will rise by 11 per cent this year to 32,500 units. Apartment starts will experience a sharp rebound from 2010 and hold that strength into 2012. Low-rise housing starts will move lower in the second half of the year and restrain growth in overall housing construction in 2012. full report
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