One reason for the shift, she says, is that some baby boomers who spend their winter down south are now back in town and preparing to sell their large family homes in favour of smaller houses and condos.“I think you’re going to see a lot of new listings in May,” she says. “The snowbirds are back.”
The buyers liked their midtown neighbourhood and wanted their daughter to be able to stay at her current school, she says.Robert Hogue, senior economist at Royal Bank of Canada, sees evidence the GTA market is turning a corner. The sales rebound in April, plus the rise in benchmark prices for a second month, suggest that the market is recovering from a dismal February hammered by winter storms.
But as detached home prices have tumbled over that time, prices of condos have gained. Mr. Hogue says it’s not yet clear if that narrowing gap is tempting move-up buyers.
I've been hearing that for years.
Great shot
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