Opportunities Abound

The market continues to move at an active but slower pace this spring, with fewer active buyers and a greater number of homes available for sale across the GTA. Uncertainty tied to the Trump tariff situation has led some buyers to take a wait-and-see approach.

But underneath the headlines, real opportunity exists.Affordability is showing signs of improvement, thanks to lower mortgage rates compared to last year and home prices that have moderated significantly since the 2022 peak. It’s now been three years since interest rate hikes began, and with inflation no longer a concern in Canada, we are settling into a more balanced market.

This is a great time for buyers and investors. Condo prices,in particular, are at attractive levels – creating a strong opportunity to purchase an investment property in the city with long-term growth potential and good rental demand. It’s also an ideal time for homeowners considering a move up: with less competition and more inventory, it may be possible to sell your current home and upgrade into something larger or in a preferred neighbourhood with more favorable terms.

If you’re wondering what this means for you – or for someone you know, please don’t hesitate to reach out. I’d be happy to share more about the opportunities available in today’s market.

As always, I’m never too busy for your referrals—if you know someone looking to buy or sell, I’d be honoured to help them too!

Have a great May,

Your Friend in Real Estate,
Howard