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Condo Talk

July 26, 2012 by  
Filed under Special Features

Condo TalkQ: The media has been talking about the condo market bubble bursting. What are your thoughts?
A: Supply and demand is always a significant factor. Until supply and demand level off to a healthy medium, we will see an adjustment in the market. This is the best time to buy! Buyers have more selection and should be taking advantage of this. In addition, if you compare the value of the GTA market and Toronto with other world-known cities, you will find that we are still underpriced. This keeps the momentum of our market moving in a positive direction. Despite seasonal highs and lows, we still end up with positive results. Let’s not forget that condos are an amazing housing option, one that appeals to first-time buyers, downsizers, retirees, investors, families, and people of every demographic. Read more