Real Estate Market in Review – April 2023: Pricing took an upward turn in the City of Toronto last month, across all segments. Price increases for detached homes and semis were up 4.6% and 5% respectively. Demand is up relative to supply, resulting in greater competition among buyers. As of now, it looks as if buyers are coming to terms with higher borrowing costs, and exploring the market while prices still remain lower than a year earlier.
This transition period is a good time to come up with a strategic plan for your next move. It’s essential to consider the data on key factors, including home type and neighbourhood. Get in touch with me to ensure you are able to access the opportunities and results you’re looking for.
Here’s a look at the April numbers:
