Chief market analyst, Toronto Regional Real Estate Board. A lot has happened since that fateful Friday the 13th in … Canada’s largest real estate market “hit the brakes” in the last full week of March as sales plunged and sellers pulled listings in the face of the COVID-19 crisis, according to a Toronto-based realtor. Yossi Kaplan, MBA discusses Toronto’s Real Estate Market Forecast for 2019. The average home price hit another all-time high coming in at … A lot of it – virtually all of it – depends on our common beliefs. To burst, or for a real estate market collapse to take place, there would need to be a stagnant demand, with an influx of supply, leading to a sharp drop in prices. Over the next 7 years, the average price dropped and finally bottomed in 1996 at $198,150. Toronto saw a price surge in the spring in some areas, and many buyers remain skittish and uncertain due to the mortgage stress test. You see, we are in a funky position – it could go up, or all the way down. Here are the top real estate trends and predictions for 2020 & 2021. Many people blamed the mortgage stress test for making it more difficult for people to qualify for mortgages. As we complete the first half of 2019, we can see that the market has been pretty unpredictable. The Spring Stats. Ever the hot topic, how the Toronto real estate market is faring seven months into the COVID-19 pandemic continues to fascinate. The housing market won't crash. Real estate falls when it can’t receive a bid. Home prices will rise by 5 to 6% in 2021. The panic which ensued from the coronavirus stock market crash after March 20 and the expected repercussions on the real estate sector led to massive losses in mortgage-backed security trading. At the peak, the average sale through the Toronto Real Estate Board (TREB), was $273,698. Real estate is likely to fall later, because the real estate market is far more illiquid than the stock, bond, foreign exchange, or commodity markets. 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