C01 (Downtown Condos/lofts) sees a whopping 3% drop...not 23% as seen on tv!!
Yesterday my amazing loft sellers at the Quad Lofts (www.19BrantSt.com) in the downtown (c01) core had the chance to be interviewed by a major media outlet and the state of Toronto Real Estate.
Never one to miss the chance of putting my clients in the spotlight, they did the interview. Exposure is good. Period.
The one aspect of the recent story about how the market has slowed down in Toronto requires some further investigation. The big headline is 23% drop in Toronto market.
WRONG!!
Take the C01 area as an example. When you look at condos/lofts from May to June 2010, the price drop is a paltry 3%!! The month before that it went up 3% THEREFORE...nothing really changed.
If the other version stimulates buyers, then great. But, if your planning on selling and think that things are bad all over...think again.
As your trusted consultant, I will always make sure you get the right information to make the right decision on selling your most valued asset....including being completely upfront about whether or not I can help OR whether or not my services are right for you.
Posted by Paul Indrigo
on July 16, 2010