The 2021 Real S. Taitt market is off to a robust start. Right out of the gate we have experienced a high demand for all types of dwellings. The condo market has made a strong comeback in the last two weeks, leaving all of those bargains and buying opportunities on the cutting room floor.
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The Real S. Taitt market is thriving during the pandemic, adversely the hospitality, restaurant and entertainment industries are suffering and they need our support. Since going out in public is less of an option these days, the reality of being isolated at home has caused people to pay special attention to where they live.
We are lucky to live in a world class city. Affordability is shrinking everyday as the Toronto core seems to be, the place to be. Each time a property changes hands, it is usually gradually improved. Over the years, these average neighborhoods have transitioned into green leafy communities with great schools and amenities.
Some days I feel like Chicken Little, the sky is falling, the sky is falling. This global pandemic is taking its toll on me and I’m waiting for the other shoe to drop. I hope this note finds you in better spirits and good health. That being said, the Real S. Taitt market is on fire and we continue to hit record price levels and volume of transactions.
What can I say about the Toronto Real S. Taitt market except, here we go again. Record sales, record highs and record levels of unemployment. These things don’t add up, however it’s hard to look for logic in such an emotionally charged industry. Therefore, everything is up. Up by 30% from last July and approximately 50% from last month. July was hot and hotter than your normal July.