Look at price trends over the past 3 years for Downtown Toronto vs Vaughan condos:
After the pandemic hit, Downtown Toronto condo prices went down and are now averaging what they did about 3 years ago.
In contrast, Vaughan condo prices have held strong. They actually peaked higher in November 2021.
Downtown Toronto condos haven’t been sitting on the market for this long in 5 years but Vaughan,
Vaughan’s DOM #s are …normal. Things look, well, business as usual.
But wait, BOTH downtown Toronto and Vaughan condo listings surged tremendously after the pandemic
yet, Vaughan’s # of sales also surged tremendously.
Can’t say the same for downtown Toronto. While sales look ‘normal’ in Downtown Toronto, relative to the past years. But since, listings are up a huge amount, sales should be too and they’re just not.