If you're scratching your head wondering what the $&*# is going on with the Toronto real estate market right now, you're not alone.
One of the biggest trends that we have seen on our website & within our client base over the past several years is people downsizing/right-sizing from their current home (usually detached or semi) and moving to a larger condo within the city.
2022 started off with an extremely strong market as the intense demand from Q4 2021 spilled into the new year but things seemed to have shifted a bit at the end of February.
This brick 2 storey Factory Hard Loft Conversion with Heritage Designation is not your average box in the sky! Built around 1911, this building has been utilized in many ways over the years with its last use as a Mattress Factory prior to the conversion in 2003 / 04.
The offer process to buy our Toronto condo was relatively simple compared to most people as we didn't have to compete in any multiple offer situations which made the whole experience much less stressful.
There's always going to be that lingering feeling once you've submitted an offer for a property that makes you question whether you've made the right decision or not but there are two simple ways to help mitigate this.
One aspect of the buying process that will vary greatly from person to person is the amount of time needed to find the right condo, especially in a competitive market like Toronto.
One of the most important details to figure out when buying a condo/house is how long you want to live in that property as this largely dictates what your search criteria will be.
This is a difficult question to answer as there is no one "right" choice that applies for everyone, rather it depends on what works best for you given the current market conditions.
2022 started off much in the same way that 2021 finished for the Toronto real estate market with listings remaining at a critically low level which has prompted unprecedented year-over-year price growth.
