Market Conditions

Many different views have been clouding positive observations on current Toronto real estate market activities. Indeed, many people have expressed concern over how long the real estate currency will keep up, citing the likelihood of a real estate drop similar to the one that the US endured not long ago.

One main cause for these concerns is that Toronto real estate listings may have been unscrupulously jacked up by real estate players. Plus the fear of having to suffer the same fate as many of the American states’ real estate sectors had to undergo after having unwittingly created a real estate bubble – the economic repercussions of which they have yet to recover fully from.

Despite this year’s lukewarm market forecasts for the entire real estate business sector, however, it seems that major commercial hubs and business centres are still enjoying a relatively healthy real estate market mood. In fact, the actual figures reveal that current real estate market conditions have little or negligible variances since the start of the year, relative to how it was the year before that.

For the years 2010 and 2011, real estate activities both hit off strong from January up to April, and then slacked off a bit during the summer months only to pick up again and get better. Although it did not pick up as much this year in terms of percentage, the actual numbers are still higher than what last year’s same month data showed.

Indeed, recent researches on emerging trends in Toronto real estate market conditions have even placed both Toronto and Vancouver as the top two favoured investment draws of North America, stronger real estate activities are observed in areas surrounding the two cities. This, in turn, paved way for more access to businesses and a solid real estate and infrastructure boom, as more tenancy demand is seen with the steady immigration and investment flow reeling people in.

However, it is still too premature to take these positive projections seriously, as the above-mentioned assessments could be taken as further moves to belie the fact that Toronto real estate may have already been overplayed for too long, and that it could still indeed be a part of a bigger real estate bubble. In the end, it seems that the market outlook for Toronto real estate would depend on which side of the conflicting arguments one is inclined to go with.

Sherif Nathoo

Sherif Nathoo

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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