Balanced Market? Buyers Market? Sellers Market?
The news reports says it will balance out.
While out with buyers this last week, they had determined that they wanted to be within walking distance of the Bloor Islington Subway station and have an Executive Townhouse rather than the additional perceived expense of maintenance fees associated with high rise living.
The additional criteria was that they were relocated and settled within the next sixty days.
Their solution was to buy a new construction high rise at Sheppard and Yonge. Occupancy proposed for 2012, hence they will continue renting.
Builders are offering excellent incentives to become engaged with their projects and all deposits are guaranteed. If you are considering a choice this year I would be pleased to meet with you.