Toronto Region Real Estate Board released their stats for January 2020 and there is strong positive momentum for sales.
Compared to last year, home prices are up 12.3%. Condos are driving the price increases but detached homes have also increased in price as well. However, there were also less active listings.
With that in mind, sellers should have more confidence to sell given buyers are displaying more interest. Mortgage specialists have been reporting high numbers of pre-approval requests.
Buyers, look out for more choices of homes to come out!
These statistics are showing us that the Spring and Summer markets are shaping up to be strong. Talk to a Trustwell agent today to see if the timing is right for your real estate needs.