The GTA just had its best May ever for home sales
The GTA just had its best May ever for home sales
—The number of homes sold in the GTA in May 2014, according to new data released by the Toronto Real Estate Board. That’s a new record for the month, despite the fact that the number of sale listings was almost nine per cent lower than it was in May 2013.
The buyers are to blame more than the sellers for the inflating house prices. People should bid at least $15000 less than the asking for most of the houses on the market today. It boggles my mind seeing people bid over the asking price… yeah i know they really want it for X Y Z reasons and anyone who has a problem with it should rent for the rest of their lives blah blah blah. In my observation, there is a correlation between house sales and rent i.e. an increase in house prices results in an increase in rent. I understand there will always be some inflation but I’m certain salaries are not increasing by the same rate housing prices are. The gap between the rich and the poor increases… but who cares about wealth equality.