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November Market Update – Houses are hot, condos are not?? What the future holds…

November Market Update – Houses are hot, condos are not?? What the future holds…

This month Brandon and Christian dive into the stats and discuss detailed information about the diverging condo and ‘low-rise’ housing markets in Toronto.

Questions they cover include:

1. Where is the Toronto real estate market headed?

2. Misleading media headlines and who to believe.

3. Downtown Toronto Low-Rise (Detached/Semi-Detached) housing stats – average price, months of inventory, sales, new and active listings.

4. Downtown Condos housing stats – average price, months of inventory, sales, new and active listings.

5. Reasons for the diverging market segments – job losses by income, new developments coming to completion and immigration.

6. The mortgage deferral ‘cliff’ and defaults.

7. The rental market – reasons for decline in average price, future predictions.

8. Their predictions on what Buyers, Sellers and Renters may see in Q1 and Q2 2021.

 

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Brandon Ware

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