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  are absolutely on fire in Toronto’s Urban Communities and the Core. 74 Firm sales (only a dozen short of pre-covid highs) and multiple offers on 43 of them speak to the sheer resilience of Toronto regardless of what’s happening in the World.

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House Average Price: $1,411,575

House Median Price: $1,280,000

394 Active Listings

Months of Inventory (MoI) ~ 2.07 months (extremely low)

Average Days on Market – 11 DoM (median 6 DoM)

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I’ve canvassed many clients and most are very secure and comfortable in their high paying jobs. Many Buyers that were riding out the storm are now back and fully funded.

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had the best week of sales since before Covid with 104 sales. First time over 100 sales since the first week of March. 34 of those sales went over asking with multiple bids. The majority of those over asking sales were under $800K.

Condo Average Price: $836,410

Condo Median Price: $722,500

1550 Active Listings

MoI ~ 4.86 months of inventory

Average Days on Market (DOM) – 20.6 DoM (Median 13)

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? It means that the demand for Toronto is at an all time high. We have attention from all over the World and we’re seen as a safe place for money. Our real estate market has proven its strength time and time again and the people of the World finally know en masse what we locals have known for ever.

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There are still some opportunities in the condo assignment market but nobody is dropping their pants on prices anymore. We had a small window of deals end of March but those days are long gone.

– as there haven’t been any launches during Covid in Toronto’s urban markets. The first launch and an excellent litmus test is going to be 28 Eastern Ave by Alterra Developments. We’re helping launch that June 30th so make sure you’re signed up here –> www.CorktownCondos.co

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As always, please comment below, DM, or call/text 416-434-1511 if any questions. cc: The Spring Team Real Estate

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