It seems that the real estate market here in Toronto is booming. I keep hearing on the news all the doom and gloom predictions about how the real estate market is set to crash here in Canada, but it seems that each year the price of houses just goes up higher and higher and the demand for them is not going down. Not at all.
I mean .. usually by this time of year – almost mid- December, house sales in the city are down. I’m not in real estate but just going by what I see on the news and what I see either driving around the city or walking around the neighborhood most years it seems house and condo sales do best from Spring through to late summer. I imagine it was the same this year, but oddly enough this month I’m seeing more and more signs, even in my own neighborhood, for homes going up for sale and the houses are selling very quickly.
This seems odd for this time of year. I’m seeing signs from all the big popular companies like Royal Lepage, ReMax, Century21 and then a few I haven’t really heard of before like Levein Team real estate which must be smaller firms.
Just down the street from me there are three houses in a row up for sale and I’m sure they’ll all be sold within a week or two even though we’re in the midst of the holiday season!
Don’t you think this is strange?