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Why house price downturn in Toronto could be a good thing

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Why house price downturn in Toronto could be a good thing

Toronto’s home prices have taken a turn, but that isn’t a bad thing. “Sales are off and prices are down from their crazy heights of this spring, although in the first half of June the cost of a house was still above where it was a year before. A degree of sanity has returned.” This certainly doesn’t mean the end, however. Prices could start going back up very soon. At Kawartha Waterfront Realty, we know that escaping the hustle and bustle of the big city and its crazy real estate rollercoaster can be very good for you. Let’s find your waterfront cottage escape!

Toronto’s falling house prices signal a return to sanity

House prices have been falling in Toronto. Yes, falling. To many people, that comes as a rude shock. Prices rose for so long that it seemed as if it were the natural state of affairs. The idea took hold that Toronto was somehow unique, its housing market immune to the corrections and crashes that have afflicted just about every city (Toronto itself included) at one time or another.

Home sales slowed in March

Home sales in Kawartha Lakes were slow last month. MyKawartha reported, "According to the association, this was down 4.5 per...
04/04/2019
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Why now is a great time to look for a cottage

What's the best time of year to buy a cottage? The Toronto Sun argues it might be early spring. They said,...
04/02/2019
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Current state of home sales in Kawartha Lakes

Kawartha 411 reported that the home sales in Kawartha Lakes are at their lowest since the '90s. However, it's not all...
02/27/2019
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