Hindsight 20/20 - 2020 Real Estate Year In Review & What Buying and Selling Might Look like in 2021Posted by Paul Ambler on
Pat yourself on the back. You made it to 2021. Happy New Year!
If you haven't seen the movie Groundhog Day with Bill Murray don't worry because your probably living it. In 2020, as lockdowns seemingly came and went and came again one thing remained. The Real Estate Market in Toronto and the GTA remained HOT! Maybe not always the same heat but generally HOT! Even with a pandemic, 2020 was no exception. In December alone sales were up 64.5%. Low inventory and historically ultra low interest rates (under 2%) helped drive a lot of the price growth throughout the GTA. The contrast within the market also loomed large.
While detached home buyers faced a challenging buying process with multiple offers and a lot of competition, the condo market in most…
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