The Toronto Real Estate Board recently released their monthly report for the Greater Toronto Area, and the headlines are good news for those looking to buy a home in the near future. The report shows that prices for all home types are down from last year, while sales and new listings are both up.This is good news for those who have been waiting for the perfect time to buy a house. Prices are down, which means you can get more house for your money. And with more sales and new listings, there are more properties to choose from.
It’s no secret that the housing market in the Greater Toronto Area has been through some ups and downs over the past few years. Prices have fluctuated and there have been more than a few headlines declaring that now is not the time to buy a house in the GTA. But if you’re thinking of buying a house in the near future, you may want to reconsider. Here’s why:It’s a buyer’s market
Due to the current market conditions, it’s definitely a buyer’s market out there. If you’re thinking of buying a house, you’re in a good position to get a great deal. Sellers are motivated to sell, so you may be able to negotiate a lower price on the home you want. In addition, there are more homes on the market than there are buyers. This means that you have more choice when it comes to finding the perfect home for you and your family.
Prices are down
In addition to it being a buyer’s market, prices are also down in the GTA. According to the Toronto Real Estate Board, the average price of a detached home in the GTA was down, and home sells are at there lowest level in many years. This is good news for buyers who are looking to get the most bang for their buck.
The Burlington Real Estate Market has changed
The current market conditions are definitely different than they were a few years ago. So, if you’re thinking of buying a house, it’s important to be aware of how the market has changed and what that means for you as a buyer. One of the biggest changes is the way that houses are being bought and sold. In the past, most houses were sold through the Multiple Listing Service (MLS). Now, more and more houses are being seen online through sites like Realtor.ca, SousaSells.ca, HouseSigma. This change has made it easier for buyers to find the houses they want and has given them more negotiating power when it comes to price.
Now is a great time to buy a house in the Burlington. Prices are down, it’s a buyer’s market, and the market has changed. If you’re thinking of buying a house, now is the time to do it.