March 2018 - York region Market Report Infographic- Capital Mobility Matrix

Gravitation to utility -  Buyer demands are moving away from luxury and into utility purchases, focusing on bedrooms, bathrooms, square footage, and proximity to retail and commercial services. This utility driven market seems to be the result of millenial buyers re-entering the market in full force after being pushed out in the past. These buyers are typically first-time or second-time homebuyers, so they are more focused on utility, because their mentality is often that they can renovate luxury into a property to earn equity. Therefore, their willingness to sacrifice move-in-readiness is higher than most buyers, creating a very keen market for entry-level properties.