Welcome to my February email newsletter!
The sales statistics for January have arrived and they paint an interesting picture. Detached home prices in Toronto have stumbled 4% year-over-year. That being said, every other sector's prices have increased in January. Condos lead the way with a 15% increase year-over-year with an almost 2% increase in January alone.
The amount of listings to date in 2018 has been minimal, the second lowest for January in 10 years. I believe this lack of inventory will eventually give way to an upward trend in prices lead by the city's continually hot condo market.
for the Toronto Real Estate Board numbers and scroll down for a piece from the CBC on the market.
If you are planning on buying or selling in the coming months or have questions about the market, please get in touch!
Forest Hill Real Estate Inc. Brokerage
416 459 8854