Where are we today? Well...it's certainly hard say where we are given the fact that we're probably experiencing a shift in the marketplace. However, looking back at the first half of the year, the Toronto real estate market was extremely active. Historically 55% of all sales occur during the first six months of the calendar year. This year the same six months will more than likely represent approximately 60% of all sales conducted throughout the year. Obvious reasons for this is the iplementation of HST on July 1, 2010, which was well publicized going into the year.

This market is a hard one to read. What we do know is that there are a lot of listings on the Toronto Real Estate Board and the biggest surplus sits in the downtown condo market! We also know that there are a lot of buyers sitting on the sidelines – waiting for the good deals to appear. Who will blink first?