It seems that the word for February this year is SUPPLY. Prices are still very strong because of the lack of product, down over 8 per cent in listings in a month that is typically low. The undersupply has caused a healthy increase in prices in the GTA which continues to frustrate consumers and REALTORS as we end up in multiple offers where many offer but only one succeeds and split decisions must be made.
Using 3D imaging technology, Matterport allows online visitors to virtually "walk" through a property just like they would virtually "walk" around a city using Google Street View. And although "3D walkthrough" tours have existed for years, this is the first piece of real estate technology that really allows users to control how the experience a property when they're looking at it online.