As we approach the New Year, here’s our take on emerging real estate trends impacting the 2015 Toronto condo market.
Mixed Messages = Mental Mayhem
It’s no wonder homebuyers feel they need a crystal ball to make smart purchasing decisions. Trying to reconcile contradicting Toronto real estate market predictions is frustrating business and there’s no shortage of conflicting opinions on the future values of condos in Toronto.
First, we’re told that there’s an over-supply of Toronto condos for sale looming with new build constructions and overzealous investors leading to an impending condo bust. Next, we hear that an increase in downtown living is driving the market and immigration will keep demand for Toronto condos high, giving a clean bill of health to the Toronto real estate market.