Toronto Real Estate : The Good, The Bad And The Ugly

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The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

00:00 🏙️ Overview of Toronto's Real Estate Market

Introduction to the current state of Toronto's real estate market across different housing categories,
Importance of market context based on individual goals.
02:17 🏡 Freehold Housing Segment

High demand and activity in the freehold housing market, especially in prime locations,
Distinction between market behaviors in the 416 and 905 area codes,
Concerns over potential price acceleration with future interest rate cuts.
05:07 🏢 Condominium Market Analysis

The condominium market's recovery to a balanced state after a period of decline,
High percentage of vacant and investor-owned condos affecting the market,
Expectations of stable or slightly increasing prices but not significant growth in 2024.
08:09 🛏️ Rental Market Trends

Encouraging signs in the rental market with an increase in purpose-built rentals,
Predictions of stable rental prices, offering some relief in a traditionally expensive market.
08:53 🚧 New Construction Market Outlook

Challenges in the new construction market, particularly for preconstruction investors,
The necessity of building supply to avoid long-term housing issues,
A current lack of enthusiasm for new construction projects among investors.