May 2017 | GTA Market Stats
Home pricing, don't believe everything you hear!
The real estate stats has proved once again, the market is driven by human emotions of Fear and Greed!
Listings are up by 42.9%, however they were completely off balance to start with, and sales are down 20.3% but still remains at record numbers.
We are seeing buyers walking away from $100,000.00 deposits; not willing to close a transaction committed too in March and April due to FEAR!
Sellers are pouring properties onto the market, fearing the end is near!
Interest rates are unchanged, and Buyers are looking for fairness! Fairness in pricing and fairness in the process of negotiations, and we welcome the balance.
If you are looking for a more micro neighbourhood stat, let us know and we will send you your specific area, simply reply "Area" and best email to forward the PDF.
Check out our real estate lawyer Mark Weisleder's comment on a "Cooling Market" below this chart.