December 14, 2011– The number of home sales are up 11% since this time last year. While there is better inventory of homes, there is still little availability of good product in high demand areas, so multiple offers continue.
Mortgage rates remain incredibly low, so investing in real estate in Toronto, especially for one’s primary residence, remains ideal.
Those who are contemplating downsizing, this is an excellent time to capitalize your home’s value. Read the full Toronto Real Estate Board Market Watch Report.