The Toronto Real Estate Market continues to sizzle.
Another year of double-digit price increases is expected according to the Toronto Real Estate Board.
TREB also predicts a similar number of property sales to those last year.
The average price for all types of housing is expected to rise to about $825,000, up from $730,472 in December and $729,922 for the 2016 calendar year.
The board says the highest year-over-year price increases will be for low-rise types of housing such as detached, semi-detached and townhouses.
Demand in the city is so high, the group is repeating its call for the private, public and not-for-profit sectors to seek solutions to increase the supply of properties for sale in the Toronto region rather than attempting to reduce demand from would-be buyers.