What’s Driving Demand?

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It’s no secret that real estate in the GTA attracts a demand that seems insatiable but what is really behind this demand?

 

 

Real Estate is a lucrative investment vehicle and therefore attracts not only seasoned real estate investors but also those looking upgrade or buy a second property leveraging their first. It is apparent that this wave of hyper real estate demand is driven primarily by those already in the market locally looking to add to their portfolio or move up as well as first-time home buyers all of which together added enough momentum to an already saturated marketplace to foster this extreme real estate climate

 

 

Overall new listings have steadily declined over the past 6 months further exacerbating the housing issue and fuelling home purchasers to eat up as much available inventory as they can.

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