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Q: How can I find out about the most current real estate market conditions?

A: The Toronto Real Estate Board issues news releases twice a month, including a full statistical update on market conditions at the beginning of each month. Click on the ‘Consumer Info’ tab on this site, then click on ‘Market Watch’ to view the most recent release, as well as all archived releases.

The real estate market is constantly changing. Knowing what is going on in your local real estate market will help you understand how these conditions can affect the sale or purchase of your home. When you meet with your agent, ask about the current state of the market. 1. Buyers' Market: The supply of homes on the market exceeds demand. Characteristics: High inventory of homes. Few buyers compared to availability. Homes usually stay on the market longer. Prices are stable or perhaps dropping. Hence: Buyers spend more time looking for a home, and when they negotiate, they usually have more leverage. 2. Sellers' Market: The number of potential buyers exceeds the supply of homes on the market. Characteristics: There is a smaller number of homes with many buyers. Homes sell quickly. Prices usually increase and you may often see a bidding war. Hence: Prices may be higher or perhaps climbing. Buying decisions must be made quickly. Conditional offers may be rejected. 3. Balanced Market: The number of homes on the market is roughly equal to the demand. Characteristics: Demand equals supply. Sellers accept reasonable offers. Homes sell within a reasonable time period. Prices generally remain stable.   Article courtesy of TREB www.torontorealestateboard.com

This series of articles is brought to you by A. Mark Argentino and other real estate related resources, including Canadian Real Estate Association CREA and the Ontario Real Estate Association OREA. Back to list of Real Estate Helpful Articles

Whether you are interested in a Power of Sale Property, a Foreclosure Sale or a regular property purchase, I can assist you with all of the complexities when you purchase or sell your next property.  Please don't hesitate to email me If you have any questions or require further information, please send me an email. Thank you, Mark Argentino Read about Power of Sale, Bank Sales and Foreclosure Properties FAQ's Read a very detailed section about Power of Sale and Foreclosure or go back to list of Real Estate Helpful Articles