Sunday, October 25, 2009

Toronto Real Estate Market Sept/October

I could pretty much cut and paste my entry for July/August! Nothing has changed. In fact, the market is hotting up even more if that's possible. The condo market has seen a big rise in buyer interest and multiple offers and over asking prices abound. For houses, we expect it in a hot market, but not SO much for condos. This is a great time for sellers, a little tougher for buyers. While there is a lot of product on the market, the buyers still exceed the supply.
So...if you're thinking of selling, the time is nigh.
No one can predict how long this boom will continue, but as long as interest rates are low and Premier McGuinty still plans to implement the HST taxes in April, 2010 then there is probably no end to the busy market.