Quick Update

One easy way to predict price changes is to analyze the supply of real estate. For the Central Districts (C1-C11, which is defined by the area south of the 401, north of the waterfront, east of Dufferin, and west of the DVP), there are currently 1163 condos for sale and 678 for lease. The same time last year showed 1386 properties for sale and 997 for lease. What this tells me is more than likely, 2012 will be a strong year for condos. I would expect that due to supply constraints, prices and rents will go higher.