Sales and prices continued to trend upward in January. This trend began late fall as buyers returned to the market. The Toronto market started off the year strong with multiple offers and an increase in both prices and sales volume. The exception remains the condo market which continues to lag and presents some real opportunities for buyers over the next 2 years. If you are following the condo market email me for a copy of the report by Urbanation. Sotheby's International Realty Top Tier Real Estate Luxury Report was released this past week and the general feeling is one of optimism about real estate in general.
In waterfront real estate we saw a lift in sales and an overall strengthening in the market over the late fall as buyer confidence returned. I am optimistic this will continue into the spring market. Well priced properties are selling.
Looking ahead, I’m optimistic about real estate as the market feels more stable. If you’ve been waiting for the right moment to sell, then I invite you to book an appointment with me to discuss the value of your property and when is the best time to sell.
If you are a buyer, let’s get started with a concierge search to help inform you about the market and suitable properties available in your price point so you are ready to act when the right opportunity comes along.
Let’s make this a year of progress and success. Reach out to me anytime to discuss your plans—I’d love to hear your goals for 2025! With experts in every part of the world, we are local everywhere. January 28 2025
