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Purchasing a Condo

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If You're A Buyer, ACT NOW

The Condo Nerds
Publication date:
May 19, 2022
Article Summary: 

The Bank of Canada's interest rate increase has impacted the Toronto real estate market, causing some sellers to worry that they missed out on getting 10-15% above their home's true value. However, this has also balanced out the market, with fewer active sellers causing a supply issue and some buyers being priced out. Buyers can now take advantage of the drop in prices and seller strategies, as the market is more manageable and not as aggressive. This is an excellent opportunity for buyers with an adequate downpayment to invest in their dream property.


Bank of Canada, interest rate increase, Toronto real estate market, sellers, supply issue, buyers, pricing, seller strategies, market balance, property values, downpayment, dream property, investment.

Source Citation: 
The Condo Nerds
If You're A Buyer, ACT NOW
May 19, 2022
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