Busy Spring in Toronto real estate

• By David Buckingham
• Posted Monday, May 29, 2023 1:08 pm

Busy Spring in Toronto real estate

The city has not enough houses and more than enough willing participants who are capable of driving a marketplace

This has been a busy, bustling spring for the Toronto real estate market. 

There are people who will say it’s all an illusion. A perfectly coordinated dance between snake oil selling realtors and their greedy clients, all unified in pumping a market currently back on its heels as means of personal enrichment.

How does that saying go — never let the truth get in the way of a good story?

They will say it makes no sense that the market should have any signs of life at all given the rollercoaster of the last 18 months (slash, the three years since COVID, if we’re being honest) and that with rates high and staying there, and prices still high and mostly staying there, we are looking at the furthest thing from a healthy marketplace.

And perhaps it’s all relative — things feel particularly energized because in comparison to last fall, we are actually seeing some action out there.

Houses in dodgy pockets fetching upwards of 20 offers, buyers seemingly undeterred by the needles on the street just steps away from the front door.

Cute houses in great pockets drawing multiple offers and landing peak-of-2022....[READ MORE]