Real Estate Market Update / Newly Built Condos in Greater Toronto Area Have Decreased / GTA Supply
The impact of supply and demand in any market can impact pricing. Newly-Built Condo projects have seen a decline since 2016 and 2017. Investors have become more cautious as prices for pre-sales launches jumped 16% to a new high of $921 psf in GTA and $1,117 for the City of Toronto.
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Also, please feel free to request a Comprehensive Financial Strategy document, which is called a Personal Financial Review to see how your mortgage and/or income property fits within your overall financial strategy.