With demand outpacing supply, the housing forecast focuses on an upward trend following stronger-than-expected start to 2023
- Single-digit price gains in the first quarter of 2023 driven by early return of buyer demand and a continued shortage of housing inventory
- National average home price up 2.8% quarter-over-quarter in Q1 2023; down 9.2% over same period in 2022
- Greater regions of Toronto average price gains of 4.8% in the first quarter
- On a quarter-over-quarter basis, the national average home price is expected to continue rising modestly but steadily over the next nine months.
Bolton
Caledon
Tottenham
Muskoka
