Last month CMHC made the headlines by releasing its forecast, including their prediction that real estate prices could fall as much as 18%. Media outlets quickly gobbled up this news story, further stimulating the cautious sentiment of many prospective home buyers and sellers currently in the market. Could real estate prices really fall 18%? What […]
2 Adam Sellers Street
Condo investors are still actively seeking investment opportunities in today’s real estate marketplace, but they’re analyzing deals digitally, doing virtual showings with their real estate agents, and performing due diligence before physically seeing condos to invest in. I spoke with a new condo developer today and they had sold somewhere around 30 units in the […]
Market Momentum Increasing
Are people buying homes right now? Are sellers getting the price they want? What direction is our market headed in? These are the questions I hear a lot lately. People want to know what kind of activity is going on in the market. Perhaps they have plans to buy and want to see what everyone […]
Home Prices Remain Steady
Home prices on average remain steady in spite of an April year-over-year drop in sales of 67% according to the Toronto Regional Real Estate Board. Across the entire geographic area covered by the Toronto Regional Real Estate Board, the average price moved up 0.1%. The COVID-19 pandemic also resulted in a 64.1% drop of new […]
Have We Seen the Bottom Yet?
The Toronto Regional Real Estate Board recently released mid-month sales figures — a practice they have not done for several years. What’s the significance of this? ‘Real time’ market data has become in high demand as buyers and sellers and real estate agents try to make sense of the market amid the COVID-19 pandemic. Sure, […]
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