This monthly market report compares sales year over year for a specific market.
Low Inventory Continues To Drive Pricing
With listings at an all time low, buyers struggle to compete in this tough sellers market. Multiple offers on almost every listing leave buyers wondering when will this madness end. In addition to low inventory, investors seem to be propping up the market with TREBB reporting that investors account for 20% of all GTA purchases.
CHMC and BoC have been working hard to complete studies as to what may help cool off this hot housing market. Some proposed changes include: anti-flipping tax, down payment restrictions, banning blind-bidding, and additional tax for homes over $1,000,000. How do you feel about these proposed changes?