According to statistics from the Toronto Real Estate Board, the GTA was a seller’s market with an average of only 36 days of inventory by the end of 2016. To put this in perspective, a market is considered to be in a seller’s market—where conditions are far more favourable for the seller—if there are 120 days of inventory or less.
Anil Balakrishnan
Sales Representative
RE/MAX Realty Services Inc., Brokerage
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