05 Apr Why Toronto’s real estate market isn’t crashing (anymore).
Original article via Move Smartly. Click here to read.
The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales are down 40% year-over-year – the type of numbers that leave you with the impression that the sky is falling on GTA real estate.
But the numbers don’t really reflect what is happening in the market today and it’s leading to a lot of confusion for buyers who find themselves in bidding wars on homes during a market that they hear is in decline.