Tighter Market Conditions

June 7, 2021

“While sales have trended off the March 2021 peak, so too have new listings. This means that people actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices. This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well.” – Jason Mercer, TRREB Chief Market Analyst, TRREB Market Watch Report dated June 3, 2021.