Category Archives: Toronto Real Estate News

Toronto Home Sales and Prices Grow Despite Low Inventory

Toronto Home Sales and Prices Grow Despite Low Inventory

Buyers have continued to engage in bidding wars over Toronto homes despite the freezing weather in February. The main reasons why Toronto home buyers do not hesitate to enter a bidding war over the property they want are shortage of low-rise inventory and low interest rates. Despite this situation, the latest report by Greater Toronto Area REALTORS® indicated that both Toronto home sales and prices were on an upward trajectory.