OCTOBER 2019 - Condo Market Update
Condos Continue to Lead Market in Price Growth
Both 1 Bedroom and 2 Bedroom units have increased in price since the end of Summer, and also have increased in price since the beginning of this year. This indicates continued strong demand for housing in the City of Toronto (Downtown, North York, Etobicoke, Scarborough, etc).
2) YORK REGION
Both 1 Bedroom and 2 Bedroom units have increased in price by about 8-9% since the beginning of the year and will remain in this range till the end of this year.
1 Bedroom and 2 Bedroom condo apartments continue to be in demand across both the CIty of Toronto and York Region. Overall trend is still upwards.
Strategies for the Buyer
Typically, prices seem to stall or drop during the Winter months (e.g. end of Nov towards end of February). Nimble buyers may be able to get themselves a "deal" as other buyers (their competition) enter hibernation mode!
Is there another area that you are curious about? We can send you real-time market intelligence in an easy-to-read report. These stats can have enormous value for buyers and sellers when keeping your eye on a specific street, neighbourhood or entire city! Please contact us today for this free service.