Toronto Real Estate Market Update – May 2015

John Manneh May 8, 2015

 

The Toronto real estate market is performing extremely well right now. There is a shortage of supply and pent up demand which is causing multiple offers and record prices on most home sales for both houses and condos.

The house market is experiencing an extremely short supply and there are multiple offers on most homes that do come on the market. However, you still do have to price your house properly. Otherwise it will still sit on the market.

There are not as many multiple offers occurring for condos. However, condos that are well priced and show well are still selling within 1-2 weeks on the market.

If you are thinking of selling this spring. Now is an especially great time to put your home on the market If you are thinking of buying your next property, we are now at the beginning of the spring market and more supply will soon arise.

 

Contact us anytime to talk about your next move, or simply get some answers to your real estate questions. 

John: 416-919-8895   John@CallJohnAndLaura.com

Laura: 416-434-5117   Laura@CallJohnAndLaura.com

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