Prices for homes across Canada have been predicted to rise by a modest 3 to 5% this year, to an average price of roughly $317,288. Though 2007 was one of, if not the, hottest years for real estate in the GTA, experts believe that the market will slow down due to a number of factors, such as waning affordability and the new Municipal Land Transfer Tax.

This entry was posted on Friday, February 15th, 2008 at 5:29 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.