There’s more here than meets the eye.April 6, 2021 12:29 pm
If you look at the numbers especially year over year it appears the housing market has nearly doubled in its transaction capacity. Make no mistake the housing and condo market are doing very well! But some of the numbers are overblown a bit because the last 2 weeks of March 2020 is when Covid-19 really started to shake the Real Estate Market in Toronto and the number of transactions fell considerably compared to the first 2 weeks of March 2020. Fast forward to March 2021 the Real Estate market is strong with buyers and sellers on the move. Many buyers and sellers have realized they need more space. Working from home has created a new need for homeowners and it shows in the stats! Also, first time buyers are leaving the family home and buying their first home. The reason for this is the dip in condo prices in November and December 2020 and the need for an individual space. All put together we have a very robust Real Estate Market. Will this trend continue through Spring? With interest rates so low how could in not!