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Has the GTA Condo Market Finally Cooled Off? Depends What You’re Looking For

Author: 
Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary: 

The article discusses the cooling of the GTA condo market, indicating that the slowdown in the market varies based on the type of unit a buyer is looking for. Smaller units and suburban townhomes are still in high demand, as there are fewer of them being put up for sale. In contrast, larger units, such as two bedrooms, have seen a cooling of the market. Some agents are seeing a trend where a number of units are being relisted because the seller’s original pricing strategy backfired. However, the market still remains competitive for unique condos in high-demand buildings.

Keywords: 

GTA condo market, cooling, demand, smaller units, suburban townhomes, larger units, market resumption, competitive market.

Source Citation: 
Robert Van Rhijn
Has the GTA Condo Market Finally Cooled Off? Depends What You’re Looking For
June 4, 2022
https://strata.ca/blog/has-the-gta-condo-market-finally-cooled-off-depends-what-youre-looking-for
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