GOOD TIMES. BAD TIMES….#febstats #truth

March 6, 2020 | Choosing your Realtor, Toronto Home Buyers, Toronto Home Sellers

Good times.  Bad times.

Talk about a virus! The February Toronto housing stats caused a ton of heat, with temperatures wayyyy above normal! Sales up by 46% vs. last year and they took place at the speed of sound! just 17 days on market. Average sale prices in the city soared by 17%. Stress tests have been “softened” and there’s been a rate cut. Hold on to your hats citizens. This is going to be a bumpy ride for buyers. But I can help with that. It’s what I do! demandskyhigh supplynotsomuch yagottalivehere #

The worst news here is that tho’ demand is HIGH…we have THIRTY THREE PERCENT LESS INVENTORY than last Feb…Toronto has only 1.6 months of inventory. Only 27%of those fabulous freehold sales took place in the city…73% took place in the 905. Let’s get driving if we want to secure that new home you’re dreaming of!  #Icanhelp #itswhatIdo #yagottanowlivethere

Comments

1 Comment

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