Michael Tam - Realtor

SOLD ⚠️ ⚠️ ⚠️⠀

Congrats to my buyers! 🥳🏠💪

As we all know, the condo market in Toronto is slower so homes tend to sit for a little longer. We saw this one 1 month before we got our offer accepted, how? The property was listed at a lower price than what they wanted. We put in an offer higher than their asking price, and they said they wanted $100k more.

So we kept looking, and was actively putting in other offers, but once enough time had passed by, we went back and tried again. With all that time in between, seller confidence goes down, and lets jus say we didn't have to pay up $100k! 😏

Congrats to the buyers and sellers!

Buy/ Sell/ Invest⠀⠀
Contact me today for a free valuation on your home! ✉️📨📞☎️ .⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

Stat Alert🚨

May stats are out!

Numbers are still flat, it’s still a buyers market in most areas, but transactions are still flowing in the GTA! Compared to May 2025, there is a 6.3% increase in the number of sales transactions, if you compare to the prior month, it’s a 10% increase. This means that people are still making moves. What about the prices? Compared to last year, prices are down by 4.6%, but when you compare it to the prior month, ALL categories are up in the 905 areas and most categories are down except for Semi’s and Condos in the 416 areas. ��What does this all mean? Prices are down from 2025, however most categories are marginally higher compared to prior month. Likely because of the increase in sales transactions with less new inventory coming to the market. TRREB is reporting 18.9% less new inventory entering the market.

To summarize, it hasn’t be a very busy Spring Market overall, but things are still moving. Lets see how these summer months play out!

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

SOLD ⚠️ ⚠️ ⚠️⠀

Congrats to my sellers! 🥳🏠💪

The condo market is tough to navigate. With the right pricing, and some staging, we got it done! It took a few re-lists, but with a slower market, it'll take longer. We stayed on top of it to make sure we were adjusting our price as the market changed.

Congrats to the buyers and sellers!

Buy/ Sell/ Invest⠀⠀
Contact me today for a free valuation on your home! ✉️📨📞☎️ .⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀