May 19, 2009
Signs of stabilization are being seen around the Toronto real estate market. While sales are still down from last year, and as prices have continued to cool, some are saying that it is not entirely a buyer’s market.
As some sellers are deciding to wait out the recession, they are leaving less inventory as some might have expected, therefore pushing the demand for properties up.
On May 19 2009, The Toronto Sun reported that some pockets around the city are experiencing bidding-wars on prime location properties.
People on Twitter are starting to report a more optimistic tones in the market.
Further, lots of “SOLD” signs are being seen across the GTA.
Developers are offering a slew of new and enticing incentives, which may make it a good time to test the waters.
Hopefully these optimistic signs will continue.