The charts are in … Year to date home sales in numbers and dollars in Toronto are up. Yes July was down some 35% over last July but when compared to July 2008 (a more relevant comparison) all is even. Our Toronto Real Estate market is somewhat insulated from other Canadian and World markets. Demand is still very strong for land, homes and condos in OurHomeToronto. We are in a balanced market with both buyers and sellers / supply and demand even. Pundits are forecasting an active Fall with more listings coming to market. Mortgage brokers and financial institutions indicate that Fall interest rates will remain very attractive and may even go down slightly.
Buying or Selling this Fall is a good time to come to market.
These statistics come directly from the Toronto Real Estate Board every month for your convenience.
Thank you for subscribing … Jim