The proverb that statistics don’t necessarily lie is true. However, whether they shed light on the near future remains debatable.
Attached are several informative graphs provided by the Toronto Real Estate Board (TREB), which despite lower # of sales, highlights the chronic shortage of listings, thus resulting in an escalating price trend line.
The million dollar questions remains, if prices have risen essentially unabated for 18 plus years, how long can this continue?
Should we buy now? Should we sell our investment property?
What is happening with the Federal mortgage deferral plan?
When can we expect a correction?
If you have any Real Estate quandaries, feel free to call any one of our offices for a private & confidential conversation.