Canadian Real Estate Association (CREA), which said only last month that the Vancouver and Toronto markets had “topped out” at historically high levels.
CREA economist Gregory Klump told The Huffington Post Canada on Friday said that the sales reflect a lack of supply, mainly of single-family homes — and that can only lead to higher prices.
Indeed, prices have only continued to grow year after year in both Vancouver and Toronto and Spice Urban Towns on Danforth Rd will be great investing opportunity.