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Buying a Condo

The Three Biggest Questions to Consider

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Buying vs Renting

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RE/MAX Condos Plus, Your Toronto Condo Experts

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Toronto Condo Market Reports

  • Toronto Condo Market Report March-April 2017

    Sales Commentary February sales on the Toronto Real Estate Board were up by 5.7% over February of last year – a slower increase than any month in almost a year. Is this a sign of a slowdown in buyers? No. The problem is a continued lack of listings to buy. At January month end, we had 5,000 ‘active listings’ and by month end for February we were at 5,400. When you factor out those listings that will never sell and you look at 12,000 buyers per month for the spring market, you see a problem. Continued price increases that show  no signs of easing. In the downtown condo market, sales ...

  • Market Report February-March 2017

    Sales Commentary The Toronto Real Estate Board no longer publishes mid-month sales numbers hence we are forced to guess the market going forward, based only on January results. In January, overall sales were ahead by 12% over January of 2016, but active listings were 49% lower than the 2016 number. We are starting to see all listings sell at over the list price. Some by as much as $200,000 which is scary! In terms of the downtown condo market, January sales were up 23% over the same month last year but ‘active listings’ were down by 57% from last year. The result is the same as the overall market, multiple ...