Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

REAL ESTATE MARKET UPDATE MAY 2018 ~ TORONTO/GTA

 Dear Friends ,
 
Toronto Real Estate Board members reported the sale of approximately 8,000 homes which while a very healthy number was not as high as the average April market. The two chief reasons being the changes in the mortgage qualification rules, and the extended winter weather we experienced. These two factors created a wait-and-see attitude in the mind of the some buyers, resulting in fewer than average sales. I expect the turn-around will come this month as more buyers jump into the market seeing that in fact prices are slowly increasing and also the news out of Vancouver that prices have increased after similar government intervention caused prices to drop initially.
 
I truly believe that a year from now a lot of people may be sorry they did not get into the real estate market because prices will continue to rise. The condominium market is one great example, as prices have increased from last year and continue to rise due to strong demand. (It’s still a great investment vehicle you should consider.)
 
Toronto’s economy, immigration and confidence have not changed and I expect May 2018 will see a big jump in sales as buyers who have been waiting on the sidelines jump into the market.
 
If you are considering buying, please give me a call as I believe prices will start increasing as we move further into the year.
 
If you have any questions, please give me a call, I would love to 
help however I can.
 
Have a great May!
 
Your friend in real estate, 
Suzana ( Sue ) Davies Sales Representative ® RE/MAX Realtron Realty Inc., Brokerage*
c 416-843-7017 
o 416-782-8882
 
 
 A referral is the biggest compliment a client can give. If you know of anyone looking to buy or sell, know that I pledge to provide your friends and family with the highest level of service and advice.
 
 
Connect with me! 
   *Independently Owned & Operated
 
 
 
Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 5/27/2018 6:46:17 PM