The Toronto resale market has been forced to take a pause caused by 3 major factors: Rising Interest Rates, Buyer Fatigue and Confusion over New Government Rules. Expect a more balanced market into the spring but with increasing rents.

Sales in February were down significantly YoY but still remain historically high and prices continue to rise. The flight to the suburbs is over, low-rise affordability is a factor and the high-end condo market is growing.