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Condo Prices are on the rise as inventory is falling

Shortage of condo inventory in Toronto is pushing prices even higher. January and February of 2020 have seen the largest spike in condo prices. Average condominium apartment rents were up on a year-over-year basis for one-bedroom and two-bedroom units. The average one-bedroom condominium apartment rent was $2,209 in Q4 2019 – up 3.1 per cent compared to Q4 2018. The average two-bedroom condominium apartment rent was up by 3.4 per cent over the same period to $2,868

Common questions when pricing a condo:

What is my condo worth today? What is the right listing price for my condo? Who determines listing price? Should I hire a Realtor to price my condo? Should I list high or low? Is condo valuation free? My Toronto condo worth? How to price my condo right?
The key to selling a condo for top Dollar in least number of days can be proper market valuation, pricing and identifying the right time to list. Your condo Realtor can assist you with making the right decision when pricing your condo.
Offer hold backs can add an extra layer of protection against inaccurate listing price.
Trust your real estate agent but make the final decision yourself.

WHAT IS MY CONDO WORTH IN THIS MARKET?
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