18 Nov Market Notes: New quality listings downtown
This has been a great week in terms of new quality listings coming on the market. Just looking at My TOP 10 you can see many interesting opportunities. If I was to characterize the current market to a new buyer or investor, I would tell them the market is competitive, but with weakness in certain segments. Sales of detached homes and townhomes are in buyers market territory, while sales of condos and semi-detached homes are more balanced. In practice, I am seeing a lot of interest from buyers and multiple offers is still the norm downtown. Well priced properties are getting scooped up quickly. Having said that, new listings were unusually strong this week and if continued, the remainder of the year may prove to an opportunistic period for the flexible investor.
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