One of the many great things about being a Sotheby's International Real Estate agent is showcasing our listings worldwide. Another is exchanging a celebratory moment with a Parisian agent during the spectacular Olympic opening ceremony. In the spirit of international connectivity enjoy a walk through Paris 'apartement' listings compliments of our Paris Connection.
Locally, the Toronto's housing market is experiencing higher inventory levels, creating notable impacts for both buyers and sellers. Buyers now have more options and better negotiating power, potentially leading to lower prices as supply exceeds demand. This buyer’s market offers great opportunities for those looking to enter or upgrade their homes. On the other hand, sellers may face longer times on the market and lower sale prices, requiring them to adjust their expectations and pricing strategies accordingly.
Although the condo market was down 29% compared with June 2023, our listing at Two Chedington Place sold quickly. Our grateful client remarked, "Thank you, you seem to have done what few are able to do right now, sell a condo in just over a week!!"
Condo listings are twice the volume of a year ago and more than three times that of 2021. With the second interest rate cut raising confidence in the market and an ample selection of properties to view, it's a good time to consider your next move. We are here to help you get started.
And to our amazing Canadian Olympians - Bonne Chance!
July Real Estate Review includes:
-
TRREB Greater Toronto Area (GTA) Stats
-
Toronto / Montreal Architecturally Alluring Condo Listings
-
Doorey Chu Team Recent Sales
-
Mortgage Broker David Larock Interest Rate Insight
-
Parisian Connection Iryna Kakura Current Listings
Lisa Marie, Linda, Lori and Cherry
