The Stats are in for the Month of May. As anticipated, inventory of homes for sale has risen to healthy levels of previous years across the GTA, currently at 18,477, this is still less than 2 months of inventory based on present sales levels. Historic inventory levels between the years 2012 to 2015 averaged 20,600. You will likely remember during that time our market was very vibrant with lots of...
The Stats are in for the Month of May. As anticipated, inventory of homes for sale has risen to healthy levels of previous years across the GTA, currently at 18,477, this is still less than 2 months of inventory based on present sales levels. Historic inventory levels between the years 2012 to 2015 averaged 20,600. You will likely remember during that time our market was very vibrant with lots of activity.
There were still over 10,000 homes sold for the month of May, that is over 20,000 ends! Prices are up 15% from a year ago, which is very strong. As we have discussed, the market fundamentals continue to be strong, low interest rates, strong economy and growing population continue to be the basis of a solid market.

