Real Estate Market State - Provide the better vision

Tuesday Jul 14th, 2020

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Dear Friends and Family,

The GTA Real Estate market has increased almost 14% in the month of June 2020. Brampton, Mississauga and Oakville markets are all currently hot and homes are being sold over-asking with multiple offers. According to Market State, the average sold price has jumped up 14% compared to last year, June 2019. But the west end cities like the town of Milton, sale prices went (up or down???) around 7% compared to the same month, last year. As a Seller, June 2020 was a great month.

Why is there such a hike? Was it low inventory v/s high demand or was there an all-time low mortgage rate? Will the sale prices remain the same for the month of July or August 2020? 

Are you in the market, thinking of buying real estate and need a clear understanding?

Please call an expert like me, who can put you in the right direction or answer any questions you may have about the market, I am here to Serve.

 

 


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