Hello Lovely People!
How’s everyone doing today? It’s been a while since I put forward a market update and am committed to do one monthly starting now so here we go! [infographic at the bottom or you can download and view a PDF version here]
Now we’ll have the February numbers in a couple weeks. But here’s a deep dive into the urban markets of Toronto for January compared year over year. Remember this is only for Toronto’s Urban Communities South of Eglinton East of Etobicoke West of Scarborough. These markets are generally performing similarly so the numbers here won’t be skewed by the underperforming suburban markets.
So How’s The Market, you ask? Read on
Townhouses & Condos
Going forward we should see a lot more Buyer activity spike condo prices as many would-be sellers are essentially stuck in their space not being able to afford to move-up to feed condo supply. We should see some more freehold listings as we approach the traditionally active Spring market.