- Most potential buyers have confidence in the future Toronto Housing Market with favourable thoughts due to the strong demand for housing from the rapid population growth in next few years in Canada.
- Some first-time buyers selected to change/put off their purchase plans, sitting on the sidelines to view the market change, due to the recent unfavourable market status. They temporarily focused on renting instead.
- In the contrary, some buyers start to browse around taking an advantage of the current trend slowdown to obtain the good value deal with better buyer bargaining power. The lower entry prices of condo units are more popular than the low rise properties in order to reduce the impact on high borrowing costs and can mitigate the risk in the future.
- The July report of whole housing market is expecting to be issued soon.