In this episode, Ralph and Kori dive deep into the latest statistics and behind-the-scenes analysis of the Toronto real estate market. They cover all the critical data points you need to know, from average prices and sales to new listings and inventory levels. Discover how the market has been impacted by COVID-19 and rising interest rates and what this means for buyers, sellers, and investors.

Key Highlights:

•Toronto Real Estate Market Trends: Understand price fluctuations, sales, and inventory levels over time.
•Impact of COVID-19 and Interest Rates: Learn how these factors have influenced the Toronto real estate landscape.
•Condo Market Dynamics: Explore why the condo market is experiencing inventory buildup and what challenges investors face.
•Strategic Insights: Get valuable tips on navigating the market, including understanding specific segments and competition.
•Market Resilience: Despite current downward pressures, discover why the long-term trend in the Toronto real estate market is resilient.

Join Fox & Marin as they provide an in-depth look at the current state of the Toronto real estate market and offer strategic advice for navigating these challenging times. Don't miss the essential insights and data you need to make informed real estate decisions in 2024.

CHAPTERS
00:00 Introduction and Unfolding the Market Stats
03:14 Analyzing Toronto Real Estate Market Statistics
09:45 The Impact of COVID-19 and Interest Rate Increases
12:09 Increase in Active Listings, Particularly Condos
17:23 Fluctuations in Sales Volume
19:42 Fluctuations in Average Prices
21:52 Average Listing Days and Quality Inventory
23:36 Months of Inventory and Market Segments
25:05 Understanding Market Segments and Competition
25:31 Inventory Buildup in the Toronto Condo Market
26:00 Challenges Faced by Condo Investors
33:31 Condo Prices Hold Despite Increase in Inventory
35:48 The Recommendation: Hold and Wait
40:09 Decrease in Rental Prices and Listings
46:31 Resilience and Cycles in the Toronto Real Estate Market

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