Veteran real estate agent John McGrath said the housing market’s downturn will continue into 2019 with more than 10 per cent falls in Sydney and Melbourne.
Should I wait on buying a home in Toronto suburbs due to the real estate boom?
The 8 million range is a lot different than the million range. I have a good friend who sells a lot of real estate in Toronto and my understanding is that the market is similar to the Silicon Valley with high demand and multiple offers. As an 8 million dollar buyer, you likely didn’t get your money by throwing it around unwisely, so I understand you practicing caution before diving in. That being said, here in the Silicon Valley which is as hot if not hotter a market than Toronto, 8 million is still a price point you can negotiate with the seller. You will likely be the only buyer or maybe compete with 1 or 2 others at most. It is extremely important that you have top notch representation. Pm me if you need some recommendations. Then, I would find a house you like, offer and make a deal.