Good morning and hope this finds everyone in good health and spirits!
Our society’s obvious need to practice social distancing at this time has presented some significant challenges and in my efforts to keep everyone up to date as to how it relates to the greater Toronto real estate market please find below my second installment of an ongoing weekly Covid-19 impact update!
As always please reach out to me with any questions or concerns!
All sales from March 1-15 | 356/day average
All sales from March 16 -27 | 218/ day average
C01+C08 (downtown core) March 1-15 | 27/day average
C01+C08(downtown core) March 16-27 | 16/day average
WEEKLY SHOWINGS FROM BROKERBAY:
March 15-21 | Booked 358 | Refused 60
March 22-28 | Booked 144 | Refused 16
As is evident by these stats we have noticed an expected significant downturn in market activity! However this is not to say that properties are not selling reductions in buyer activity have created less competition in the market! and hence despite low listing inventory there are some very interesting opportunities currently available in the market! and with virtual tours becoming more and more prevalent most of these are still available to view online!
Timing the market with a specific focus on individual buying and selling goals will need careful and strategic consideration and analysis however if done properly there could be significant gains to be made in the coming weeks/months!
We will get through this together!
And please remember to stay safe and enjoy this time with your family either through social isolation together or the many virtual options available
As always I am here to help!