The GTA housing market has been seeing year-over-year sales drops every month since January, and the condo market is no exception. Yet despite the dip in sales, prices have continued to rise. The reason? According to one expert, it all has to do with a historically low level of listings.
“One of the big reasons we’re not seeing a cool down in the condo market in spite of falling sales is because the number of new listing has also been on the way down,” writes Realosophy president John Pasalis, in a recent report. “Not only are the number of condo listings down over last year, they have been trending down since 2015, and are currently at their lowest level since at least 2010.” [기사 전문 ↓]
Source: This is why the GTA condo market is still red hot, despite a dip in sales | BuzzBuzzNews