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Now, Mr. Molloy is encouraging most clients who are planning to list a property for sale to wait until after public and private schools have held their March breaks. Mr. Molloy says homeowners are discouraged from listing when the weather is bad because getting around by vehicle is so much more difficult for potential buyers. On Tranby, many of the Victorian houses do not have parking and finding a spot on the street becomes more challenging as the snowbanks build.
Royal LePage deems detached houses selling above $3,092,476 to fall into the luxury segment in the GTA. Condos above $1,543,909 in the GTA are considered luxury units in the Royal LePage outlook. “While demand for luxury houses softened last spring, demand for luxury condominiums remained consistent and strong,” Ms. Davis says. “This demand quickly put upward pressure on luxury condo prices because the inventory for luxury condo buyers isn’t there. We have a shortage of luxury three-bedroom listings with the finishes and amenities that buyers are looking for.”
Yeah, it's the 'weather.'
Yup, its pretty cold!