December Market Watch

The December Market Watch has been released, and the numbers tell an interesting story of what’s happening in the Toronto Real Estate Market. For the latest news (and monthly Market Watch updates!) be sure to follow us on Instagram, where we post daily stories about the Toronto Real Estate Market. Here’s our top three takeaways:

Less Competition

When we look at the December Market Watch, it’s telling us that it’s not as competitive as last year – making this the perfect time for buyers to purchase new properties without heavy competition! These numbers also mean that sellers need to ensure that they work with an agent that’s going to add value to the process.

A Preview of 2018

We also think that last month’s numbers are indicative of what to expect in 2018. Condos are going to remain exceedingly strong, and while the market adjusts to the new realities on the low rise look for great buy opportunities!

Condos Are A Great Investment

When we look at the December numbers we can see that the average price of a condo is up 14.1% from last year, which means condos are still appreciating. Whether you’re a first-time buyer or an investor, condos remain a great investment.

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