Toronto Real Estate Market Overview
We have seen a slight decline in Condo prices throughout Toronto as supply of new units have increased with the completion of many new buildings. Location and the building itself are becomming more important factors for investment values. Luckily the Toronto Homes Market remains strong as the lack of land and new development in Central areas, keep demand strong. Families are looking to stay in the city to keep the commute to work short and still prefer the space that a detached home offers rather than a condo.
There was a slight pause in the market this summer as buyers seem to be on holidays so there was less competition and buyers were lucky to avoid bidding wars. The market is back on track and hot properties still sell very quickly. Be sure to be the first to know about new listings on the market by checking out Toronto Central Homes or Contact me to receive New listings in your inbox as they come on the market.