In this episode, I break down the TREB stats, explain the seasonality factor nobody's talking about, and share two real sales from this market that tell slightly different stories.
In this episode, Mike Brown breaks down why newer, smaller condo units are driving fees toward $1.00/Sq ft and rising, how building size and unit density impact what you pay monthly, and what the latest GTA inventory numbers mean for buyers and sellers today.
Is "Sold Over Asking" actually good news for buyers - or is it just shameless self-promotion by listing agents? In this GTA real estate market update, I break down the 5 biggest things happening in Toronto & Ontario real estate right now.
In the areas I follow closely, listing inventory is actually down around 5% compared to last year, and new condo projects and housing starts remain extremely limited. For some, this is being interpreted as a possible sign that the market may be approaching a bottom. But is it really that simple?
In this episode of Real Estate Inventory Toronto, I break down:
• How geopolitical tension may impact fixed mortgage rates
• Why the Bank of Canada might consider a rate cut at its March 18th meeting
• Sign that condo buyers are becoming more active
• Conditional sales rising in the condo segment
• What's happening in the rental market
• Why transaction volume is increasing - without price growth
• How cold weather and snow have temporarily slowed inventory
In this episode of Real Estate Inventory Toronto, I explain why more inventory does not automatically mean homes are being given away - and why even in a buyer-leaning market, it's still extremely difficult to "steal" a property that's priced correctly.
Contact me by phone or email
Direct: 416-417-4094
Office: 416-486-5588
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