Thursday, April 6, 2017

Toronto Housing Listings Still Scrape the Bottom

New figures show that listings are making a feeble rise.  The headline-grabbing average price is meaningless in a thin market.  We had one house sell in the neighbourhood.  It sold right away, and probably for a very high price.

It's a diseased market that can show such high prices and no listings.  If it follows the formula to death, then listings will surge in June because everybody has two houses and they become desperate.  The patient will recover if there is enough money in the market to take these listings.

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