Latest News

The Rise of Supply and Decline of Demand: How the GTA is adjusting to the dynamics of the Real Estate Market

May 24 2017
6a00d83420cedf53ef01b8d28569d5970c-800wi

The first three months of 2017 were the most competitive the GTA has seen for housing prices. Home buyers were seeing house prices appreciating 20+% every month which led most to believe that if they cannot buy property now, they never will. Although this is a strong opinion for many Torontonians, there was some good news as towards the end of March, the market started to cool down a bit. This is directly related to the huge surge in the number of listings that went up 45% then again by 62 % the week following. Since the provincial government’s announcement of their Fair Housing Plan on April 20th, the number of listings is up significantly and many homeowners feel that it’s the perfect time to cash out. The increase of new listings combined with the decline in demand has altered the dynamics of GTA’s real estate market yet once again.

source: http://www.movesmartly.com/2017/05/from-bidding-wars-to-low-ball-offers-torontos-roller-coaster-real-estate-market.html

The post The Rise of Supply and Decline of Demand: How the GTA is adjusting to the dynamics of the Real Estate Market appeared first on Penthouse Queen.