I hope that everyone had a great summer and is ready to kick into fall mode. Kids go back to school, our work gets a little busier and more duplexes and triplexes will hit the market. Remember it’s only four months to Christmas.
The Toronto real estate market traditionally starts to see more inventory after Labour Day, although this summer wasn’t too bad for income property supply. The prices are higher and the cap rates are lower, but they are still moving.
The downtown housing market is on fire, with many properties still trading for significantly more than the asking price. These last couple weeks of August though are always a little softer as many agents travel or take a break at this time of year.
This month I talk about laneway housing in Toronto which is going to be an important topic for Toronto landlords in the future.