My thoughts on the mid-January Toronto Real Estate market statistics. Prices are down about 10% and volume is down by 50% compared to the same period last year. However, last year there was a sales spike in January due to the new Toronto Land Transfer Tax being introduced by the municipality. Nonetheless, activity is down this year, but sellers are still out there, grabbing some deals. If you are thinking about getting into the market, now is a great time!
Please e-mail me with your thoughts at George@GeorgeONeill.ca
George
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