Toronto home prices are about to spike again

Hardly anyone is buying homes in Toronto's market, but experts predict prices will surge higher later this year. The real estate scene is more balanced with slow sales and high inventory. Affordability hasn't improved, leading to desperate sellers and stalled condo projects. Despite slow activity, home prices are not decreasing. Royal LePage forecasts a 10% price increase in Toronto by year-end, the highest in Canada. Montreal is expected to see an 8.5% jump. Overall, Canadian home prices are projected to rise by nine percent this year.