Toronto’s Fall Housing Market May Gain Momentum as Buyers Stay Cautious
Toronto’s real estate market could become busier in the fall as buyers and sellers return after a quiet summer. Industry experts reported more bidding wars, increased activity among millennial buyers seeking affordable low-rise homes in areas such as Mississauga, and a shift from a buyers’ market toward more balanced conditions.
Buyers remain selective and concerned about overpaying, making accurate pricing especially important. New listings fell 17.8% year over year to 14,484 in July, and constrained inventory could increase competition if demand rises, but trade-war uncertainty may keep some buyers sidelined. The condo market remains an exception, with abundant supply expected to keep prices and activity stagnant even if the broader market strengthens.
Read on: CBC News
