There was a general feel that things had slowed down a bit and only a 1.1% increase was felt. There is also a bit of seller “greed” out there with pricing that is abnormally high and some offer dates coming and going with no sales.
Read MoreIn short, the Toronto Housing market remains strong and will likely continue to rise. Crazy times, Crazier Market; welcome to Spring 2021.. Every time I open the paper or turn on the TV or computer I am bombarded by different “experts” screaming about the real estate market and how prices are out of control with multiple offers or that there is little inventory. Even last Friday’s Globe Opinion piece talked about how prices were up 33% from last year. The fact the writer neglected to mention (a common newspaper fault) was that last April (2020) we were in the first full month of a worldwide pandemic lockdown. Sales were also up 362%! No wonder - no one was buying real estate, especially condos.
Read MoreIn general, the Toronto Real Estate market is showing a resiliency that should not be surprising. When North American and Worldwide hardship both economic and societal has occurred in the past, Canada, and Toronto, specifically, have proven to be an exceptional place to live, raise a family and invest in.
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