Noteworthy is the article in the November issue of Post City Magazine by Garth Turner entitled Liquid Gold. Here are some significant excerpts.
“The GTA is not a monolithic market, but rather a collection of dozens of micro markets, where the forces of supply and demand reign supreme. The rarefied earth covered by our North/Central Toronto neighbourhoods, is just that turf where supply has remained tight and demand has held firm.
So far the numbers bear this out.
...Can area prices continue to climb even when the average detached house already sells for double the GTA average? Unless there’s a flood of listings in March, get used to the status quo: more buyers. More sales. It’s why these homeowners possess the one thing so many others crave – liquidity.”