Posts Tagged ‘buyers market’

Surge in Residential Home Sales

Written by Mahmud Naqvi on . Posted in News

Recovery underway in key Canadian markets ends buyer dominance in resale housing, says RE/MAX Pent-up demand for residential housing has bolstered sales in Canada’s major markets—a clear signal that the housing sector has shifted into recovery mode, according to a report issued by RE/MAX. More balanced market conditions have emerged, effectively ending the stronghold that buyers had on the market over the past six to eight months.

Buyers market continues to be strong in GTA

Written by Mahmud Naqvi on . Posted in General

After almost 7 years of seller’s market its now the buyer’s turn to get a great deal. Two major factors:
  1. Fear: Most people listing[or wanting to list] their homes are panicking that worse is yet to come and there by they will be “stuck” with their home and will not get a “good” price.
  2. Unemployment rate: At 6.6%, many home owners who lost jobs and did not cushion for rough times want to sell and move on.