In January 2016 real estate prices in Toronto exploded and took off, like never before, like a rocket heading into the stratosphere and then a sudden deceleration occurs in April of 2017.
By end of December of 2017 and into a brand new January 2018, it has already taken a steep turn from its rapid trajectory and safely descended back to earth. A clear sanity has return to the Toronto market and I believe this is the best thing that could ever happen.
"But wait a minute, there seem like there is no appetite for real estate now. Why? So is this end of real estate in Toronto? What do you think?"
The most established and affluent has always attributed their net success by demonstrating one of the few things in common. It’s called Wealth Creation through Real Estate.
It is not a secret; however it is surprisingly how many people dismisses this as a legitimate vehicle of wealth creation.
"In this current market condition in Toronto, I see opportunities; in fact, lots of it and buying your first home now is exciting and selling it for the first time can feel a bit scary!"
Will 2018 be the last of real estate in Canada or is it just the beginning? Vancouver didn't see their last of price appreciation so why can't Toronto be the same?
Owning or selling your home may represent a new chapter in your life and, for most people; it’s also one of their largest investment and change they’ll ever make. That’s why it’s important to educate yourself on the process and understand your home ownership goals before you start your process.
"For all the answers to all of your questions on the Toronto real estate market and trends, call 905-821-3200 and just #TalktoTAN now! "