Toronto March home sales blow past 2016 record
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Rapid increase in home prices puts buyers in bind when appraisals don t match sale price
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Buyers coming to the condo market expecting to snag a deal this spring are going to be disappointed.
That’s according to John Pasalis, president of Realosophy Realty. “It’s become very competitive,” he says. “People who are thinking they are just going to go in and buy something for $30,000 under asking are going to be really surprised. That’s not the market today; that was the market in October.”
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Slowly rising interest rates may add some volatility, but the vaccine rollout – and its promise of an eventual end to the pandemic – is fuelling optimism among condo investors. So are rising house prices in the suburbs.
Toronto s condo market heats up
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