COVID -19 - Week 9 - Breaking Down The Numbers!Posted by Paul Ambler on
Welcome to week 9 of the stay at home, work from home, physical distancing marathon! I hope everyone has had some time to take a deep breath, adjust to the new routine and enjoy some time with your loved ones, a good book or perhaps some Netflix binging.
In less than two months, the real estate market in the GTA has gone from 100kph to about 25kph. Although there has been some recovery from the initial shock of the stay at home recommendations by the government, we have now had some time to look at some of the emerging trends in the marketplace. One thing is for sure, not even Canada's strongest real estate market (Toronto) is immune to the imapct of the Covid-19 pandemic. Sales are down nearly 63% and the average price dropped roughly 8%…
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