The situation with the novel corona-virus continues to unfold and as it does, new information is coming in on how the real estate markets across the country are affected by the pandemic. Surprisingly, certain areas in Canada have seen an increase in sales and prices, while others have seen significant declines.
Condo prices are down, courtesy of COVID-19 and the lockdown that followed. In some neighborhoods the prices have dropped over $100,000. The market is perfect for buyers right now, however with the lockdown being slowly lifted with Phase 1 schedule for early June, this window of opportunity might be closing soon. Here is a detailed breakdown by neighborhood.
KTRE is currently representing a young family looking to give up their car and make the move downtown.
There was definitely pent-up demand leftover from 2018 that was unleashed by the drop of mortgage rates and the absorption of the new mortgage stress-test introduced by both the Federal and Provincial governments.
While a Status Certificate sounds like a single piece of paper, it is in fact a collection of documents provided by a condo corp to a prospective buyer of a resale condo in that condominium.
Each month when the Toronto Real Estate Board reports on pricing and sales, we try to interpret for our clients trends that seem to be developing and what it means to them. We zero in particularly on TREB areas C08 and
Each month when the Toronto Real Estate Board reports on pricing and sales, we try to interpret for our clients trends that seem to be developing and what it means to them. We zero in particularly on TREB areas C08 and
Each month when the Toronto Real Estate Board reports on pricing and sales, we try to interpret for our clients trends that seem to be developing and what it means to them. We zero in particularly on TREB areas C08 and
