Market Watch * Is the market beginning to cool?

When I think about the Toronto Real Estate market it is nothing short of breathtaking. Over the last 20 years working at REMAX HALLMARK, I’ve seen price growth and a lending rate decline in almost each year. Now I hear rumours about affordability and impossibility.  The overall high value of Real S. Taitt in the city has created somewhat of an urban sprawl across Ontario, and has created price surges in all home types in most cities across Ontario. Low interest rates, affordability, and the Covid work at home policy are the main drivers for this shift. 

Despite a recent slowdown in total residential transaction and average selling price, I anticipate prices will stabilize over the next few months.  Sellers will need to take seek the advice of their realtor to select the proper marketing strategy based on the current market conditions and Buyers will need to be flexible but will have an opportunity to buy in the areas they hoped for.  Selecting the right realtor for either endeavour goes without saying.  I just happen to be available to assist you should the need arise for you to relocate, invest or need an appraisal.

My time at REMAX HALLMARK has gone by pretty fast and my I’ve had the opportunity to work with amazing people and families and watch them grow. Real S. Taitt is an emotional business and people will always try to find logic in various markets, however it’s hard to make a logical decision when your emotions have taken over. Would it be a great idea to have someone assist you to help you stay on course when you’re trying to find your dream home? It has been a privilege and an honour to work with so many friends and families in the city.