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Wow..my spelling/grammer was horrible. I need to POOOOF read my posts =)

As expected, the sales outlook for the back half of July for resale condos in the downtown Toronto area doesn't look promising. Last month, we were at a sales to listing ratio of about 26%. Based on lately data, I think it may fall between 16-18% in July. Typically, we see a slight drop in sales...

Realtor serving the GTA area

I don't know whats exactly going to happen as it will be the builders call whether to adjust prices or not, but I think this is a very critical moment in Toronto as we have seen a sudden decline in demand for Condos while supply continue to rise. If this trend continues, we could see some...

I thought that was a pretty lame explanation too. Funny how this wasn't mentioned when the LTT first came out. When people are getting outbid by tens of thousands, the LTT amounts to absolutely nothing. People are starting to come to their senses.

In my opinion, if you are not in a rush to buy because you need a place to live, I would enourage you to wait at least 1 year. Demand for condos have really dropped in June and investors are beginning to cash out as evident by the increase in new listings. We are expecting record high active...

According to the lastest TREB Market Watch, Toronto Condo sales were down 26% in June 2012 (857 units) versus June 2011 but active listings are up 36% at the end of June 2012 (3,191 units) versus the end of June 2011. Average selling prices of Condos are up 2.7% in June 2012 (Ave $424,875)...