Home prices are expected to keep rising as the supply of new and active listings on the Toronto-area real estate market continues to dwindle, says the Toronto Real Estate Board (TREB). In the same period, the number of new listings fell 17.9 per cent, about 1,900 fewer than November 2018. November saw the strongest year over year price growth so far this year, said TREB on Wednesday. “Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front,” said TREB chief market analyst Jason Mercer.

Source: thestar December 04, 2019 10:06 UTC