March’s Newsletter: TO’s Best New Takeout – Photos: 60 Years of TO Skyline – Market Update: A Tale of Two Februaries
March 9, 2023
As March begins, we are bidding adieu to winter and eagerly anticipating the arrival of spring. Fingers crossed that warmer, less snowy days are ahead…and soon!!
The real estate market is a mixed bag of emotions. Is there still activity? Yup. Are there still properties selling with multiple offers? Definitely. Have prices softened? Oh sure, but depending on the neighbourhood. Are we going to continue to see a downturn in the market? It depends on who you ask. See below for a blog post on my market opinions and another for exciting city happenings to keep hope alive.
There are two pieces of good news to share: prices in Toronto edged up in February compared to January and the Bank of Canada decided not to raise the key interest rate. Although the door is always open to future rate increases depending on inflation, this should give buyers and sellers more confidence in the market.