Sharp Drop in Sales for Toronto and the GTA

Following announcements from Kathleen Wynne and the provincial government in the last weeks, the Toronto real estate market has already seen homes prices cooling since their highs in April of this year. Year over year home prices are still up more than 15% but some experts say this cooling of the market is only temporary and that the real estate market should pick up again in a few months.

This is a great opportunity for some buyers who were kept out of the market in Toronto's red-hot market. These families now have the chance to buy without the pressure they felt earlier this year.

Here is a video report from CBC on this matter.

If you are looking to buy in Ottawa, Ontario and want to discuss your real estate needs call Roch St-Georges, real estate broker with EXIT Realty Matrix at 613-889-7732

Toronto real estate market update

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