GTA Pre-Construction Market Ignites with Unprecedented Demand: Hungry Buyers Flock to Secure Their Future!


Posted June 14, 2023 by foxmarin

‘It’s been off the hook:’ Hungry buyers rush into GTA pre-construction market
 
The real estate market in early 2022 is defying expectations, as demand for properties in the Greater Toronto Area (GTA) reaches unprecedented levels. In what is typically considered a quieter period following the winter holidays, the market has been described as "off the hook" by Nasma Ali, founder and broker of Re/Max Hallmark Realty's One Group.


With soaring resale prices and limited supply, buyers are turning to pre-construction homes and assignments as a last resort. This trend, coupled with new condo launches, a tight resale market, potential interest rate hikes, and low unsold inventory, has created a perfect storm, prompting a surge of activity in the early 2022 new home market.

In this extraordinary market environment, buyers are navigating a landscape driven by limited supply, rising prices, and changing regulations. The early 2022 surge in the GTA pre-construction market reflects a confluence of factors, compelling buyers to take action swiftly and seize the opportunities available.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Fox Marin Associates
Phone 416-322-5000
Business Address 489 College Street, Suite 305, Toronto, ON, M6G 1A5
Country Canada
Categories Property , Real Estate , Services
Tags property company , real estate service , real estate agents brokers
Last Updated June 14, 2023