Experts say toronto's scorching the housing market is hotter than ever!
Toronto's sizzling real estate market may be entering its annual winter chill, but that doesn't mean we can expect a broader market cool down to persist, the market still simmering through an expected seasonal dip.
Extreme highs in housing prices, sales activity, and demand have Remax agents suggesting that despite the expected seasonal cool down, Toronto is experiencing "hotter-than-ever conditions" in autumn 2021. As usual, real estate experts are pointing to a critically low supply of homes, which fuels competition and drives up housing prices.
Even with the eternal procession of new residential developments reshaping skylines around the region, the GTA just isn't building the among of housing necessary to snap us out of the insanity that residential real estate has devolved into in the 416 and 905.