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Toronto Real Estate | Market Update | April 2019

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Toronto Real Estate | Market Update | April 2019

Michael discusses where we currently are sitting in the Toronto Real Estate housing market update, as Toronto Real Estate Board (TREB) has released its latest numbers. With Q1 in the books, Michael recaps where we are at and compares 2019 with last year. No surprise with the start of the Toronto real estate market showing very similar numbers with last year. We have flat line with sales from year-over-year but with low new inventory the market has tighten up.

Are the low sales numbers signs that the Toronto Real Estate Market is on its way down? Or is this the fall out everyone is expecting, never going to happen.

Michael goes into detail regarding current average price comparison with the 416 and 905. Many buyers have started to look further out of Toronto to have take advantage of lower price points.

Toronto Real Estate board has made it clear that they are looking to help the Federal government in their search for housing answers. They would like to be apart of the 2020-2030 conversation to improve the housing conditions. They would like to see the stress test back in the discussion as well as talk about lack of inventory concerns.

Will the market continue its slow start from last year? Or will we see a jump in the next few months. Time will tell.

Photo by NeONBRAND on Unsplash

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Real Estate

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