Housing Categories: Price Growth and Sale Signs

housing categories: But condos are expected to continue driving price growth this year, with detached houses anticipated to lag again, according to The Toronto Star. For sale signs at a home in East York, Toronto. That means homes that sold for 787,195 on average in 2018, would increase to 820,000 across all housing categories. Rene Johnston / Toronto Star Although we won't experience record levels, we do expect to see a better year in 2019 for sales and selling prices, said TREB president Garry Bhaura in a news release issued prior to the publication of the board's 2019 market outlook report on Wednesday.TREB joined the growing chorus in the housing industry calling for the Office of the Superintendent of Financial Institutions OSFI to reconsider the mortgage stress test it introduced last year. In a speech in Toronto on Tuesday OSFI assistant superintendent Carolyn Rogers acknowledged that housing affordability is a problem. The test, which is designed to protect consumers from drowning if their housing or other costs increase, means home buyers have to qualify for mortgages 2 per cent higher than they negotiate with their banks or the Bank of Canada's five-year benchmark rate. (news.financializer.com). As reported in the news.