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About Property:

Moody's 2021 home price index forecasts 6.7% decline for single-family homes, 6.5% drop for condos

Home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market, according to a forecast by Moody's Analytics, Inc.

Statistics released by the Canadian Real Estate Association (CREA) show national home sales and new listings continued to climb in August 2020.

Home sales recorded over Canadian MLS® Systems increased a further 6.2% in August 2020, raising them to another new all-time monthly record. (Chart A)

Canadian housing markets are changing swiftly, but with interest rates at historic lows, this might be a good time to buy. Here are all the factors to consider. If you have dine the math and are confident about your financial ability, this is a great opportunity to take advantage of low-interest rates. High-level data from real estate boards and financial institutions can provide valuable perspective on how the housing market is performing. A good real estate agent can help you make an informed choice. Real estate is a long term investment.

About Property:

Absolutely Breathtaking 180-Degree Unobstructed Views Of Lake Ontario, Iconic Views Rogers Center & Vibrant City Skyline. This Chic And Stylish 1024Sf Corner Unit Has Soaring 9Ft Ceilings, Huge Wrap-Around Balcony For Entertaining And Functional Floor Plan. You Are In The Middle Of It All. Steps To The Financial/Entertainment Districts And Ttc. Enjoy Rooftop Infinity Pools, Cabanas, And Luxury Amenities. It's The Lifestyle You Deserve! This Beauty Won't Last!

Here's the Toronto Real Estate Market update for August 2020

Total Residential Transactions

Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring. –Lisa Patel, TREB President

Wishing everyone a very healthy, happy and safe Labour Day Weekend :)