It's a buyers market!

Over the past three months the Toronto Real estate market has slowed down significantly. Consumers are definately watching there pocket books. At this time last year my listings were selling like hot cakes. This year is going to be much different! With that said I see great opportunities for buyers who have been thinking of owning there own home or homeowners who were considering upgrading. Now can be a great opportunity to buy a home at a significantly lower price than you would have paid last year for the same home. Sales are down by at least 20-30% overall depending on what area you are looking in. It seems as though sales of higher end homes, ($500 thousand +) are coming down more than your entry level homes ($500 thousand and less) so for a move up buyer with a small mortgage or no mortgage this is a great time to upgrade into that home you have been dreaming of! Buy low sell high! That's been one of my modo's forever. For a first time buyer with secure employment, good credit and a small downpayment now is a great time to get into homeownership! You would be basically buying at wholesale. Human nature is weird. When things are down nobody seems to buy, when prices are increasing and at the top of the range everybody seems to want to buy. Real estate in general will always appreciate in time overall and you will putting a roof you can call your own over your head. Why pay off the landlords mortgage when you can be paying yours off. Think about it and if you need more help feel free to contact me. I have attached a file which will show you how real estate has appreciated over the past twenty years.


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