The kids are back to school and I’m back to blogging, just in the nick of time for the Fall market. If only someone made a realtor crystal ball.

All signs seem to be pointing towards a very robust Fall market in central Toronto. By that I mean that we can expect the supply of homes to be coming on the market to be less than the demand for such homes which will likely result in prices maintaining their current levels, at the least, and quite possibly even rising. Simply put, there are still more buyers than sellers so competition for good homes is fierce. This is more true in the housing market than the condo market because there is a limited number of homes while the number of condos keeps increasing, but the demand for condos is also very strong at present.

Based on the activity and sales I’ve seen over the past couple weeks, there are no signs of the market slowing down so I’d suggest you not pay too much attention to anything you’ve heard or read predicting a market crash.

I’m not saying that prices will go up forever. Not at all, especially with what’s going on in the global economy. At some point in time, the market will soften. That’s only natural. But there doesn’t appear to be anything on the near horizon which will cause that to happen. Quite possibly, it will be an unforeseen and unpredictable event which puts a damper on the market, but in the meantime, it’s best to deal with the market conditions that are in existence TODAY. Unless, of course, you’d prefer to try to time the market, which can be a dangerous play (unless you have the realtor crystal ball that no one else knows about).