Toronto real estate market conditions and the covid-19 pandemic impact

Keeping you informed to current Toronto real estate market conditions and the covid-19 pandemic impact

We have noticed a significant downturn!

From TREB

March 1- 19    
Overall sales 5221 in 2020 vs. 4265 in 2019
Condo sales in the downtown core (C01+C08) 323 in 2020 vs. 305 in 2019

March 16-19   
Overall sales 658 in 20202 vs. 782 in 2019
Condo sales in the downtown core (C01+C08) 38 vs. 55 in 2019

Showings for Thursday were 48 vs. 150 the previous Thursday and the lowest this week. However, listings remain consistent with 215 new listings this week compared to 225 last week!

Combine this with the 2 significant drops in interest rates in the past week and this has created a very unique buying opportunity! If you are a first-time buyer or an investor this is an extremely interesting time in the market that requires further analysis.

Contact Stephen Glaysher with Remax Urban Toronto through www.mlssolddata.com to set up a time to discuss in more detail!
I look forward to hearing from you!! 

Happy and healthy hunting!
SG 

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