Toronto Condos, what's really going on in the Condo Market?
Are we headed for a crash?
Did I pay too much for my Condo?
What if interest rates jump?
Should I get in now or wait to buy a Condo?
I don't think we are headed for a crash as almost all of the statistics show a gradual slowing down of this Condo Market.
Toronto Condos overall are still holding their value in the last three-five years.
Even though Banks and financial institutions are tightening up their lending the interest rates are still reasonable for qualified buyers.
Today's Toronto Condo market is slowing and purchasers have a wider choice of units on the market and units are taking longer to sell giving purchasers longer to think about their purchase without "Bidding Wars",a buyers market for sure.
The main influence in the Toronto Condo Market was Canada's economic fundamentals, rising incomes in the labour market and immigrants new to Canada who are used to living in hi-rise projects.
There are new Toronto Condos Borrowing Concerns in the market and it is best to consult the lending institutions to explain new requirements.
Toronto Condos October Prices were in positive territory with several Central Toronto Real Estate Districts above average in year to year increases.
The Toronto Real Estate Market Watch is listed on our Toronto Real Estate website that compares Toronto Condo prices for the last several months. Condominiums, Town homes and detached Homes are all listed there and each Toronto Real Estate district is represented.
