Overall inventory is low and the demand is pretty steady which is pulling the number much higher. I can foresee a repeat of the madness that we saw in Spring 2017.mazerbeaner wrote: ↑ Just looking around Fairview and there are none for sale at the moment, 28 have sold in the last 3 months and one is listed for sale for $469k with a conditional offer already.
Is the rest of the city this strapped for inventory for entry level? If so what does that say about Spring 2020?
Unfortunately yes, entry level properties are flying off the shelves.
Where is the growing inventory, like which neighborhoods or buildings?Medeomedeo wrote: ↑ Not necessarily true - there are a bit of growing inventories for these entry level units in the downtown core.
Just got to know where to look...
In my opinion, I see condo prices being leveled at $1100-1200 PSF. The unit economics don't support it going higher than that. Expect to see drastic more levels of inventory come up as all these buildings come into fruition, and the whole immigration hypothesis be debunked
That unit sold. Didn't have parking either. I was looking at it. There was also identical that sold a week prior for 449k.mazerbeaner wrote: ↑ Just looking around Fairview and there are none for sale at the moment, 28 have sold in the last 3 months and one is listed for sale for $469k with a conditional offer already.
Is the rest of the city this strapped for inventory for entry level? If so what does that say about Spring 2020?
King West, Queen West, ChinaTown, Dundas, Yonge Bloor, etcmazerbeaner wrote: ↑ Where is the growing inventory, like which neighborhoods or buildings?
Probably related to the incentive by the government. It's true - I see almost no 1-bed rooms on the market, and the ones that are, are already sold conditional.
I like near Yonge and Eg and the Entertainment District. Although, I am unsure if you will get any deals in these areas...BananaHunter wrote: ↑ Which areas are good for 1 bedroom? Giving serious thoughts to buying another property. Preferably close to subway.
Right when I was thinking to buy you come up with a thread about how low the inventory is lol. I guess bad timing.
These are pretty exclusive areas downtown . Is this increase in inventory coming from new precon projects in the pipeline? Will excess inventory in these areas drive prices down ? Right now prices are going up steadily in the downtown areas you mentioned.Medeomedeo wrote: ↑ King West, Queen West, ChinaTown, Dundas, Yonge Bloor, etc
They’d still call me an evil bloodsucking investor.GaryR28626 wrote: ↑ You should sell it to RFD folks and give a special discount for our RFD community
