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Reopening Toronto: What Will Happen to the Toronto Real Estate Market

Author: 
Toronto Realty Boutique
Publication date:
November 30, 2022
Article Summary: 

This blog discusses the reopening of Toronto and its impact on the real estate market. The blog outlines the Ontario Reopening Plan 2021, which involves three steps, each with its own set of restrictions. It is predicted that there will be a slowdown in the real estate market with the end of bidding wars and the panic of buying and selling. The market for detached and semi-detached homes is expected to have a correction in the summer months, but it will pick up again in the fall. The condo market is seeing an increase in transactions, prices, and faster listing times as people are starting to come back to the downtown core.

Keywords: 

Toronto, real estate market, reopening, Ontario Reopening Plan 2021, bidding wars, correction, detached homes, semi-detached homes, condo market.

Source Citation: 
Toronto Realty Boutique
Reopening Toronto: What Will Happen to the Toronto Real Estate Market
November 30, 2022
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