June Slide?

June statistics reveal, and onward activity shows a slowing from the highs of this past March. Projections suggest July will be slower still and will likely document the first year over year decline in prices.  It is important to keep in mind, however, that July 2020 was exceptionally active. The overall picture still shows an upward trajectory in Toronto house prices.

As the border opens and immigration resumes be prepared for extreme stress on availability and resultant price increases.  Anecdotal reports show the end of June and beginning of July experienced more pressure in condo leases with multiple bids and upward bidding. The students are returning.