3 Things You Need To know About Toronto’s Real Estate Market

The new mortgage rules & double digit appreciation have not slowed down demand. Here are 3 things you need to know
1) Condo Market on Fire: Demand will shift to larger unit condos since houses are not affordable
2) Listing Price is Meaningless: a – Marketing: listing price is used to attract as many potential buyers as possible b) Supply – With active listings down there is less supply to meet buyers demand c)Frustration – After losing a few bidding wars, some buyers resort to preemptive offers
3) Rental Rates Up – Supply of available rentals is lower with buyers staying in their existing rental units pushing rental prices higher


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