The Motria Group's Market Blog: Real estate market has slowed somewhat with lockdown and managing COVID perhaps being a factor
Monday Nov 30th, 2020Share
Real estate market has slowed somewhat with lockdown and managing Covid perhaps being a factor. Move up market is still active but there are not enough houses to buy for all those who want to. Rental market continues to be tough for condo investors and some condo owners are starting to get nervous. Carrying empty condos is not cheap. Hence condo inventory continues to increase. Prices on many condos continue to slide.
Government may expedite immigration just to catch up for a lost year so we may see an influx of new immigrants into centres like Toronto. This will help. International transfers are just waiting for Covid to end and that will help. Everything could change and happen at once.
We would all love to have a crystal ball and see what the world is like a year from today.