Houses in the GTA less than $2,000,000 are still receiving multiple offers and the listing price ratio in Mississauga is about 107%.
However, I am sensing a shift. Not major, but places outside of the Toronto are not as crazy.
In Vaughan, for instance, one 3-bedroom detached house had 56 people through with only two offers.
Last week, I was pleased to bring one of my clients to Cambridge to buy this amazing 4-bedroom, detached home with a pool and a hot tub!
Pools installers are booked up until 2023 and the premium for a pool is estimated to be +$50k to +$100k.
The price? Less than the average semi-detached in Mississauga with no competing offers.
There’s no doubt it’s still a seller’s market. So Buyers shouldn’t expect to get a deal like last Winter’s prices. However, if buyers can look for other cities or wait until more inventory increases, maybe the competition won’t be as crazy.
If you have questions about the real estate, contact me at any time, and let’s have a chat.
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