August’s Newsletter: TO’s Best New Patios – All About Smorgasburg – Keep Your Kitchen Clutter-Free With These 10 Wall Storage Ideas
August 5, 2022
I hope you’re having a wonderful summer! If you’re avoiding Pearson and staying in the city, there is plenty to keep you busy. You’ll find my picks for the best things happening in August, and a bonus one: Smorgasburg! Plus, the city’s best new patios. Scroll down for more.
The market continues to slow down – sales were down by 47% compared to July 2021. Listings, on the other hand, were only down by 4%. Interestingly, prices still remain higher than they were this time last year with the exception of detached homes. The Bank of Canada is set to make another interest rate announcement in September which may further affect affordability. It’s impossible to accurately predict what will happen in the market but Toronto remains a very popular city and historically, prices have always rebounded. No matter when you make a purchase, if you plan on living in the home for ten years, you’re bound to see a significant profit.