Eugene Feiguelman's blog
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