The latest sales data for all properties sold in March has been released. Compared to last year, sales are up around 30% across the board whether the home is a semi, detached or condo.
Despite there being constant reports that Toronto has a tight inventory, the sales numbers are very similar to the same time last year. It is worth noting that condo sales are up from last year, due to people looking at different ways to get into the property market and convenient living.
This month there was the announcement Ontario will introduce a 15% “Non-Resident Speculation Tax” so it will be interesting to follow this announcement and if it has any effect on the market.
As always, if you have any questions you can contact me at jen@jend.ca, I’m happy to help.