How do you think about real estate market in toronto Canada?

Answer 1

The Real Estate market in any area in any type of property at any given time will change fractionally at any given period.

I know this sounds like a typical realtor answer, but in fact it is true.

without knowing what it is that you want to know, and what your reason for the question is, it is almost impossible to cover all the aspects and rationale and properly answer your question.

For example, if you are planning on selling real estate, one would want to know, where, what, why and how you want to sell, then compare it to the current stats for that type of property in your area, llok at the trends, the current inventory and overall market conditions. Then one would look at the likelyhood of dramatic changes in market conditions being economy, interest rates, supply and demand, absorbtion and local political and land use issues.

Compare this if you wanted to buy an investment property, and asked the same question. The answer would be entirely different.
You would be looking for current vacancy rates, absorbtion of rental inventory, average rents paid for the type of property you are looking at, what capitalization return you require and then your would look at the local economic situation, un-employment levels. current inventory of comparable property, etc etc.

As you can see answering your question is hard, or simple, dependent on why you are asking it. In general, real estate and the local markets are very much influenced by local circumstance. By local it sometimes requires to really study something block by block, and even property by property, in order to truly find the right answer.

As long as I have been in and around real estate, if you are planning to buy a property,for your own use, you do your own wants and needs and determine what you can not live without, determine what your financial comfort zone and ability zone is and look for the best possible package (compromise) available, and go for it.

What you will find that any piece of property over a ten year period will always give you a great return.

On the other hand if you are hoping to flip a property at this time in most markets, it will require much more detailed research and you will be rejecting 100's of properties before you will find one where the right things are wrong and you can add the value so that you can profit from it.

I realize this may seem like a complicated answer for a simple question, however your question has many ways and leves to answer it, I hope I have provided some insight as to how to go forward.

Good Luck