What Home Buyers Need to Know in Toronto 2022
What can we say with certainty? Snow, freezing temperatures, or lockdowns won't be able to dampen Toronto property buyers' enthusiasm. The Toronto real estate market is at its hottest point in history (and we've seen a lot). Here is what you should be aware of in order to be ready if you're looking to purchase a home in Toronto soon: Surprisingly Low Inventory of Homes for Sale in Toronto Every January, we observe the same pattern: many eager and motivated buyers and sellers hold off on listing their properties until later in the spring. With listings down by 60% in December 2021 compared to December 2020, we face an even worse inventory situation this year. Top real estate agents in Toronto suggest that this is a good sign for home buyers looking to purchase affordable homes in the GTA area. Interest Rates are Higher (Positive for Buyers) Interest rates will likely increase in 2022 after a few years of record-low rates. In fact, according to some experts, the Bank of