What's going on in the Toronto Real Estate Market

Comparing March and May:


March


In May


Huge run up in detach prices in the 416 had only one place to go (down). I can see the market for detach stagnating until the fundamentals catch up (i.e Incomes).

For condos, they still keep chugging along. However expect price increases to cool as inventory starts coming on the MLS at a time when people are not buying as much (June to January).

Interest rates seem to be holding steady because of the European banking and US job numbers (I won't say crisis like the Globe)