Eugene Feiguelman's blog
The March of every year is traditionally a good start for a yearly price spike. Last year, a large number of sellers who listed their properties on MLS didn’t receive the price they expected. The plan was to take it off the market and relist it during the market of spring 2019. We should except a reasonably high number of new listings in the coming month.
July has been an outstanding month for the Toronto real estate market.
The interesting thing about June is we are seeing more potential buyers coming back to the market.
They are expecting prices to drop and believe that if they wait a few months longer, they can get a better deal. It has not really happened. In my opinion, a few reasons for that are as follows:
- Historically low MLS inventor
- Strong Canadian economy
- Huge number of potential buyers with money
- The desire to own property
- Sky rocketing rent prices