EMERGENCY EXIT: Toronto Condo Owners Sell at a LOSS to Get Out of Drowning Real Estate Market
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►► The Toronto Condo Market is currently showing some serious signs of trouble. This segment of the market, specifically for downtown Toronto Condos, officially has the highest months of inventory EVER, and this dates back all the way to 1996. This statistic means that we have very little buyers for the amount of inventory in the downtown Toronto Condo Market right now.
With this record-breaking months of inventory, there will no doubt be a LOT of real estate price pressures to sell. In this episode of Prime Properties TV, I dig into this alarming real estate data to see how bad it really is out there these days. How many of these Toronto Condo owners are real estate investors? How many condo sellers have lost money on their Toronto Condo sale? What can we expect for this drowning Toronto Real Estate Market in the weeks and months to come? Be sure to tune in to this episode for all of these answers and more!
#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket
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