​Property prices in Toronto to continue rising says CMHC

The Canada Mortgage and Housing Corporation presented its outlook for the Toronto property market today and predicts no slow down in the rise of prices.

The Canada Mortgage and Housing Corporation presented its outlook for the Toronto property market today and predicts no slow down in the rise of prices. CMHC regional economist Ted Tsiakopoulos said that homeowners shouldn’t be in any hurry to sell and forecast that prices would continue to rise through to 2016 with the average hitting close to $600,000.
 

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