The average price is up +32.8% compared with last year, when COVID started. But if you look at the numbers from March, they are actually dropping.
I am seeing a softening in Mississauga and Brampton. For about half of the houses we were looking at, they actually accepted a “conditional” offer!
In a super-Seller’s market, this is unheard of, so it suggests that either fewer listings are coming on the market or there is some Buyer-fatigue.
Don’t get me wrong, the A+ houses are still getting many, many offers. These homes are usually beautiful, with well-staged furniture and an amazing location.
There will always be a demand for those homes.
But if you are able to see past some of the flaws and accept a “less than perfect” house, there are a lot more to choose from and more importantly, there are fewer buyers competing for them.
So now, you have a better chance to make an offer with conditions and get fair price.
Is now the right time to buy?
Contact me and let’s have a chat.
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