We dive into the current state of the condo market in downtown Toronto, specifically in CO1 and CO8—the two biggest condo markets in the area. Here’s what we’re seeing:

Market Flood: There are over 1,600 active condo listings in CO1 alone (it’s increased since we filmed this video!), twice as many as in 2022 and almost double what we saw in 2023.

Sales Slump: Despite the influx of new listings, monthly sales are about half of what they used to be. Construction Delays: Many condo projects that were stalled in 2022 due to supply chain issues are now completed and hitting the market, contributing to the high inventory.

Buying Opportunities: This surge in inventory creates a great opportunity for buyers to negotiate better deals on condos.

Selling Challenges: If you’re looking to sell a condo, it’s crucial to price it right to attract buyers in this competitive market.

Interested in learning more? Contact Michael 📞: 647-376-7367 🌐 Visit The Prior Group: https://www.thepriorgroup.com/ 👍 Like, Share and Subscribe! Join our community for expert advice, insider tips, and exclusive updates from The Prior Group.

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