Stormy Summer Brings Strong Sales

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It's quite the summer we've been having this year!

As the temperature outside has been getting hotter, so have real estate prices throughout Toronto, particularly in the competitive condo market

Overall we are seeing the market strengthen back up in many areas after the softening we experienced last year as a result of the provincial legislation that was brought in for renter protections in addition to the enhanced mortgage stress test for first-time buyers

It will be very interesting to see what happens over the rest of the year but if the summer market is any indication, it's looking like we are returning to the previous norm of higher prices & competition as a result of fairly low inventory levels

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