Some. Same.

The idiosyncracies of the marketplace remain.  Some houses are receiving strong attention with multiple bids and others sit on the market with few showings and no movement.

The houses that sell are priced to move and this often results in a few offers that lift the price that excite the sellers’ palate.

The 905 and 416 markets are not the same. Properties in the 905 are suffering with some double digit % reductions.

The micro-condos that were built for investors are no longer moveable and developers are suffering an enormous sting.  Investors are not buying and people who are looking for their own use want larger spaces to buy. The less than 499 sq ft condos were always a shock to the potential buyers or prospective tenant.

“Really!” They would gasp in disbelief at the snail-shell sized options – but in the end, someone would rent or buy.

Those days have passed and with the glut of snail-shell-sized condos, prices are down.  Developers are cutting prices and adding on the hst reduction to further reduce buyer cost.

Yes. The teensy escargot is now a bargain as if on the menu at the most mass marketed, faux-buttered drivethroughs.

But…would you eat it?