From Buyer’s Market to Seller’s Market

Toronto’s April sales volumes and prices are down from April 2022 which should come as no surprise as 2022 prices were at all-time highs. As mentioned in the last 3 monthly newsletters, the market continues to strengthen as average prices increased for the fifth consecutive month. Buyers who were on the sidelines are coming back…

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Bottomed Out or Bull Trap?

Toronto’s real estate market showed signs of life.  Transactions were down ~45% from pre-rate hike levels of early 2022 while prices fell ~12% compared to last February. Although these results are down, they followed the cautious optimism I wrote about last month and it feels like we’ve hit the bottom of this downturn in terms…

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