Hello and happy February! I'm pleased to report that real estate activity is becoming more lively in recent weeks, as buyers and sellers have started to adjust to new interest rates and come off of the sidelines. Below I've included 3 reasons why now is a fantastic time to engage in Toronto real estate!
Here Are 3 Reasons to Consider:
1) Price Point
While prices are lower than the peak of last year, in some areas they are up slightly from just a few months ago. That means, if you're a buyer, it's likely we already hit the bottom, making this a great time to buy.
2) Sale Activity
I've seen and participated in multiple offer situations and offer dates over the past few weeks, and it's clear that buyers are getting back into real estate and taking it seriously. If you're a seller who has been putting off listing your property, this presents a fantastic opportunity for you.
3) Confidence
There is no clear indication that interest rates will continue to rise, giving buyers and sellers some assurance. Though rates are higher than they were last year, buyers can now adapt to the new normal and purchase homes within their comfort zones and with confidence.
I am a firm believer that Toronto real estate is a fantastic investment, and one that gains value the longer you hold onto it. Book a call with me if you're curious about the value of your home or the potential value you can gain by purchasing a property.
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