*This is an update for Toronto as a whole and things can look very different between different areas and home types. If you would like to dig deeper into the numbers that matter more to you, please book a call with me here.
Key Takeaways:
Prices are up year over year and down month over month.
Sales are down year over year.
New Listings are way up year over year.
Majority of homes available for sale are condos and thats what is hurting most right now.
Freehold homes still have a lot of demand, especially in the 1m-1.5m rage.
Looking at numbers after the first couple weeks of February, Toronto Freehold homes are in a Balance Market at 3.8 Months Of Inventory and Toronto Condos are on the cusp of a Buyers Market at 5.6 Months Of Inventory.
