May is here and we want to keep you informed about the market activity. We can now have a better picture of how the restrictions are affecting the Real Estate Market and what to expect once businesses start opening and people start going back to their workplaces gradually.
We’ve seen the number of listings for both houses and condos increasing since April 6th when they were at their lowest, sales activity has been stable for the past 4 weeks and there’s been softening of prices in some home types but not so much in others. Take a look at this 10 minute video for a more detailed update.
A reminder that we’re referring to a sample of the market within The Beaches in the East, High Park/Swansea in the west, the 401 and the Lake. We will be happy to provide you with information about your specific neighbourhood. Simply contact us with any questions or follow us on social media!