CHESTNUT PARK TORONTO MARKET REPORT FOR SEPTEMBER 2016

New mortgage rules have been put in place to try to tame the continued rise in house prices, and dwindling inventory in both Toronto and the GTA. We'll likely have to wait until at least November to see what impact these measures will have on a market that's already dwindling in it's supply (about 1.3 - 1.6 months). As this infographic shows, the market remains bullish and shows little sign of slow down at this point.