As expected, seasonal market trends have shifted and the stats proved this. November set a record for sales, which beat out last year’s November boom by 3.3% (which was the record setter at that time). Speaking personally from the activity I saw on the ground, I did notice that there was some micro changes in the Toronto condo market, there was an increased opportunity for my buyers to secure units without competing against the average 5-10 offers and fierce competition that we have been used to seeing this year. So long as you are ready and prepared, you can still secure properties in this market, you just have to be patient and have done your homework.
Generally this time of year does see less listings but on the flip side we also see less buyers. With that said, both the sellers and buyers tend to be quite motivated and looking seriously to make a deal. It’s not easy to be out house shopping in the cold or coordinate a move while fighting the elements.
As always, I stay committed to knowing, studying and working with the market to serve you better, allowing me to help you find the potential in this active and exciting market would be my pleasure.