Thursday, January 9, 2020
Toronto Housing Prices Stagnant on Zero Sales
You can't get listings and sales any lower. Condos go up, but on no listings. That's probably because of all the new luxury condos being completed. You are stuck with it if you put down the deposit.
Tons of new housing and no sales. Something is wrong with the physics here. As with the people up the road, everybody is holding onto two houses, and one is empty. And they can't rent it out as an airbud. Can we go another year with this?
Muliplying average price with listings and sales, we get almost zero money floating in the market right now. The 'average' price is meaningless.