This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information , your premiere condominium source


State of the Market

The GTA market continued to cool in August the numbers are showing us, but although overall sales were down a fair amount from this time last year, new listings were down only a fraction of that.  One needs to keep in mind that the market was unusually hot this time last year after all, so keep a grain of salt handy when examining this year's data.  What does all this mean for buyers and sellers?  Prices are still up year over year after all, so as we can see there are still plenty of buyers.  Prices are however off their higher levels earlier in the year, with places such as Montreal and Vancouver being most resilient in holding price, where as Edmonton was hit the hardest with an 11% drop in average price since April 2010.  Also important to understand about the Canadian economy is that the Fed keeps a watchful eye on the housing market and potential bubbles when determining it's moves on interest rates, and given the recent cooling and out low current inflation rate, the Fed should be in no hurry to raise rates.  So, knock on wood, short-term rates will sit tight for months to come.  

Search the hottest listings from 1 bedrooms, 1 plus dens, 2 bedrooms, 2 plus dens and 3 bedrooms.  Find it all here with your premier condominium source.

Sayra Gidwani    Salesperson    REsource Realty, Brokerage Independently owned and operated    Direct 416-888-0382 


Popular Searches: Toronto Condos for Sale Toronto New Condo Developments  Scarborough New Condo Developments  Scarborough Condos for Sale  Markham Condos for Sale  Etobicoke Condos for Sale  Etobicoke New Condo Developments VIP Condo Corner

About Us Site Map  Advertise  Careers  Privacy Policy  Client Login  Calculators  Blog  Twitter  Facebook


© Copyright 2000-2018 / All Rights Reserved.

Designated trademarks and brands are the property of their repective owners.


Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 12/13/2018 8:44:29 PM