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Average sale price of home in Toronto exceeds $1 million for first time ever
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Greater Toronto housing on fire in February as average price surpassed $1 million
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Greater Toronto housing on fire in February as average price surpassed $1 million
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Soaring house prices could push buyers back to condo market
It’s no secret Toronto’s condominium market has suffered amid the pandemic. Listings flooded the market and rents dropped as city dwellers fled the downtown in search of single-family houses with ample space to work and learn.
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Try refreshing your browser, or Condo market will come back with a fury Back to video
But demand for condos in the city is rebounding and “will come back with a fury” when life “returns to a version of its former self,” says Heather Hadden of Hadden Homes in Toronto. “By the end of 2020, investors and end users started to come back, hoping to cash in on heightened supply, lower prices and greater negotiating power.”