Have a look at these two graphs. You will note that the lion’s share of the Baby Boomer generation is still a number of years away from downsizing out of their family home, while those in their mid 20s to mid 30s are starting to have families and will be looking for more space. This means that much of the detached home market is still occupied and inventories are limited, so this explains why prices continue to increase for detached home sales in the GTA market. This is great news if you are thinking about selling.
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