The month of June in Toronto and across the GTA continued to have strong sales activity in terms of volume. Sales volumes are down from the peak of March and April but we are still seeing historic month over month sales numbers right across the board. With only 1 month of inventory (MOI) it still remains a strong Sellers market but without the same frenzied activity we saw in the early spring. The pent up demand from buyers seems to have dissipated somewhat as the Covid lockdown measures are lifted and people are out enjoying themselves once again. I anticipate the market to pick up in the early Fall as the summer winds down, students come back for post secondary education, the border opens up and immigration starts flowing again.
For a more detailed analysis on whats happening in your neighbourhood please message me and I’ll take you through the numbers and provide in depth insight and analysis to help you make an informed decision.