There’s been word on the street that the amount of vacant homes in the Greater Toronto Area listed on MLS has increased significantly compared to last year. It’s possible your initial thought was to blame non-resident speculators – not so fast.
Everyone’s calling the Supreme Court decision to reject the Toronto Real Estate Board’s appeal a game changer, and they’re right. There are a number of reasons why the resale market is better off this way.
While the region appears to be recovering from the 20% to 30% sales plunges that followed last April’s Ontario Fair Housing Plan, conditions were stubbornly subdued in the period between March to May – typically the busiest time of the year for home sales