As of August 31, 2016, if no more properties came onto the Toronto housing market, it would only take just over a month to deplete the available supply. That’s according to a new report by Chestnut Park Real Estate. BNN speaks with a broker for the company, Justine Deluce.
As the holidays come to a close and we get back to work and our regular routines, I wanted to provide some context surrounding the turbulence we have experienced in the Toronto real estate market over the past eighteen months and some thoughts on what to expect in 2019.
February results were expected to continue what we saw in the first month of 2019 — modest growth in sales and average sale prices. That didn’t materialize. I have generally not regarded the weather as having a material impact on the residential resale market, but this February may be the exception.