Mary Ann Stokke

Royal LePage Real Estate Services, Ltd. Brokerage

1654 Lakeshore Rd West , Mississauga Ontario, L5J 1J3

Direct: 416-420-8027

Phone: 905-822-6900

Fax: 905-822-1240

Real Estate News: Why should we be confident in the housing market?

July 31, 2014

The Globe and Mail reported last week that the "mood in Toronto's housing market is still buoyant," which could be the reason for the strong sales TREB reported in June (see our previous blog post Real Estate News: Sales up in June). In fact, perceptions related to the value of real estate in Canadian neighbourhoods are 10 percentage points above the six-year average. 

The reason for this confidence is multifaceted. First, more listings are becoming available on the market. People don't feel the intense competition they once did, and can ease their way into a home search. Sellers are becoming more realistic with pricing, so overpriced homes don't sit on the market, making buyers more confident in their ability to buy a home. Similarly, people are spreading out their listings, trying to sell in the low times (such as July and August) to avoid increased competition in the peak months. Finally, low interest rates continue to make confident buyers. 

For more information on confidence in the market, check out The Globe and Mail's article: http://www.theglobeandmail.com/life/home-and-garden/real-estate/buoyant-mood-keeps-toronto-housing-market-brisk/article19655238/

 

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Mary Ann Stokke
Sales Representative

Royal LePage Real Estate Services, Ltd.
Brokerage

1654 Lakeshore Rd West , Mississauga, Ontario L5J 1J3

Phone: 905-822-6900  Fax: 905-822-1240  Mobile: 416-420-8027
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