For many (myself included), Google is now The Oracle for all questions great and small. I Most often, google recipes for random items in my pantry when I want to make something new.
But lately, there has been was a surge of Goggle-search activity from Canadians for the question, “Should I buy a house?” This question peaked in activity in April, the month after record home sales and then again in June. 
Does It Mean Anything For Sales?
The two appear to be related…an increase in the search term has been followed by a tapering of home sales shortly after. It tends to mark the peak of activity, right before sales fall. 
So, should you buy a house?
Well, the better question to ask is, “Should i buy a house, now or later?”
The best answer I’ve heard is, “Yesterday.” (Case in point: So if you bought something in Canada for $800k last year, it would likely be worth closer to $1.1M right now)
And since yesterday is no longer a viable option, the next best answer is “Today.”
Toronto Stats this Past week
MLS activity from July 7 to 13 for residential properties:
|↑ For Sale:
|↑ Newly Listed:
Compare the above to the week before from June 30 to July 6 when there were 5,477 for sale, 1,094 newly listed, 349 sold & 6,170 for rent.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601. Let me know how I can help with your (RE)search.