This spring market has been a hot one! We are seeing a shortage of homes in all categories and because of this, we are seeing home prices sky rocket with some home categories increasing by over 17% in the last year. We are seeing the most demand for semi detached homes and detached homes with 3 bedrooms or less but this demand is mostly because of price and we are seeing that, though there is still high demand for 4 bedroom or larger detached homes, it is slowly becoming less affordable for the average buyer. This means homes that would sell under a million are in short supply and buyers are eager to purchase homes in any condition. Thank you for watching our June 2016, Mississauga Real Estate Market Update!
If you are thinking about moving this spring, it may be in your best interest to sell now and ask for a long closing date, allowing you to take advantage of these low inventory levels, If you are thinking of making a move this year, it is never to early to chat. I would love the opportunity to sit down with you and discuss how I can help you achieve your 2016 Real Estate goals. If you have any questions or would like to get in touch, please respond to this email or contact me by any of the information below.
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