Friends, It is time for a 2020 Toronto Real Estate Market Update!
I bet you want to know what it going on, and where the market is heading.
So, I recently posted several videos explaining what is going on, at least from my perspective.
In essence, the Toronto market is stable. Inventory of units (available for sale) is low. Houses are going for multiples. Condos are fetching an average of market pricer higher than 2019’s.
Now, many would wonder, why is that? Aren’t we supposed to have some sort of market crash? Well, markets going up or down is the cumulative energy of all investors. If most investors believe that the market will appreciate – they will not sell for less than their perceived market price, or not list at all.
If investors believe that the market is about to drop – they will either sell quickly, reducing price, try to re-finanice, or take another defensive action.
So far, it’s looking as most investors believe that the market is strong, and will continue to rise in the long-term.
Current average selling prices on Condos.ca is over 2019 price. This may change, but for now, we’re looking good.
Here is a list of Reduced Properties: http://yossikaplan.com/reduced
Watch my videos below. If you have any questions, leave a comment on the video or contact me here.
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