Out of Chaos

I know you want predictions. This is what I can tell you.

There is an outcome from chaos. A new order establishes. New patterns form.

The stats reveal how the buyers and sellers are responding.  See the graphs of showings and offers in the 416, the Chestnut Park 416 infographic and the MLS GTA Stats. Please note the showings/offer graph are representative and not comprehensive. They include the activity of the predominant brokerages.

Showings are at record levels, but offers are at the 1998 volume level. Buyers continue to signal their desire to purchase.

Strong freehold properties are still selling at solid prices.

Problematic freehold properties are sitting on the market unless priced to over accommodate for their shortcomings.

Ordinary Condos are depressed and stuck. This is especially true for pre-construction purchases with struggling closings due to increased mortgage rates.

The Trumpian tumult has stalled most buyers.  The 90-day pause of tariffs announced on the 9^th is still not bringing certainty to the markets.  It may allow some people to recover some losses from the markets and move money into secure holdings. Others will continue to ride the peaks and valleys.

How Trump responds to the Canadian Prime Minister, post-election is also an unknown.  This too, exacerbates uncertainty.  Next week the Bank of Canada will announce rate cuts…or not. Most market watchers think a cut will come.

The uncertainty may also be suggesting a real estate buying opportunity. This depends on your personal financial holdings and the category of property you are interested in buying.  Out of the chaos will come the new real estate landscape. There is a powerful tension between the desire to buy and the reticience to bring the offer. At some point the chaos will begin to cycle and the new patterns will unfold? The real question is, “When?”.