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?...
August 2010
Builders being among the last to react to market conditions is par for the course, and is certainly no different when it comes to Toronto condos. This can give buyers a better chance to find that highly desired unit to call home, and can motivate investors to look for opportunities. Some of the more talked about developments to surface are Bisha Hotel and Residences at 56 Blue Jays Way, and...
There's no question about the recent cooling off in the GTA real estate market...sales for July were down 34% from July of last year. At the same time new listings for July came in at a lackluster 10,825, dropping to the lowest level for the month of July since 2002, so we had a situation where prices were still under some pressure to the upside in some cases with the lack of supply...