How’s The Real Estate Market These Days?

‘Confusion’ seems to be the word that comes to mind when I think about the consumer and the information/misinformation they are receiving. And I get it. We have our classic media headlines, which most view with a critical lens. We have our economists’ reports on many segments, such as unemployment, inflation, the stock market, GDP, mortgage defaults, and credit card delinquencies. And then we have that Mississauga house that received 85 offers. Let’s put that one-off in the headline category.

When people ask ‘What is going on with the Real Estate Market?” I assume that they want to know how it affects them. Their real estate. Their want to buy into real estate. Rent and invest in stocks or buy-in, etc. etc. And although we take an interest in economics and the abundance of information it comes with, both out of personal interest and to know how it affects real estate, which it does, we ultimately experience the real estate market from a place of transacting and trading full time in Toronto on behalf of our clients. Buying and selling real estate means actively searching for properties, listing them, bringing buyers and searching for opportunities on and off the market; this all creates a window of information that serves a function to serve our clients with the best possible opportunities. When people ask us what is happening with the real estate market, we can report what is being experienced now with current transactions that are ours, our colleagues, and anyone actively working and trading. I would consider this information highly valuable, given that by the time the Toronto Real Estate Board reports their numbers and data, that moment in the market has come and gone.

Real Estate is a collaborative, cooperative business. To the bulk of full-time Agents carrying most of the transactions in Toronto, it is a team effort with Agents working together on behalf of their clients. Understanding the market you are buying or selling in is invaluable and essential to ensure the decisions are appropriate and best within the current market conditions, which can change overnight and regularly and are very much situational.

This market handbook presents the numbers. And it is great to know them, to read them, and understand them. But know that they are now historical. The best way to find out what is going on in the Real Estate Market you are interested in is to ask a busy agent who works in Toronto, ‘How’s the real estate market?’

If you have any questions, feel free to reach out.

Cari and Paul