In this episode of the Toronto Real Estate Podcast, hosts Kori and Ralph delve into the current state of the Toronto real estate market, providing a comprehensive analysis of market statistics, sales activity, new listings, and prices over the past decade. Despite prevailing fears and uncertainties, their discussion reveals a resilient market where prices have steadily increased. They address concerns about the condo market, highlighting factors shaping current conditions. The conversation offers insights into inventory levels, pricing trends, and the dynamics between buyers and sellers, emphasizing the ongoing affordability issues and the challenges condo owners face when transitioning to houses. They explore the average day's listings spent on the market and the impact of high-quality inventory on sales. Additionally, they discuss the concept of months of inventory and its role in determining market conditions, noting the influence of population growth in Toronto. The episode concludes with the hosts' belief that the market is nearing its bottom, underscoring the importance of long-term thinking and professional advice in real estate decisions.

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Speakers:

Ralph Fox (Co-Founder and Broker of Record at Fox Marin)

Kori Marin (Co-Founder and Broker at Fox Marin)