Okay - I'm a little confused. In 2009 the Toronto,
Mississauga Real Estate market took a hit. Properties were on the market and the buyers were not buying. We tried everything we had in a realtors tool box and many properties came 'off' the market. Fastforwrd - present. We put a property on the market and it goes into Multiple offers! Toronto condos can't keep up and the prices are much higher!
What happened to 'Buy low and Sell high'.
Home buyers had an opportunity to capitalize on a down market. A market they had been complaining about for so long as a sellers market. Interest rates were lower, lending was easier(???). HST was just a wisper.
It seems that Mississauga Home Buyers enjoy the frenzy of buying property when they need to compete for the property.
Being a Mississauga Realtor I typically deal with families. Double income, kids, 2 cars and modest homes. Times are tough (as always)for these families and I would think that a purchase to something larger in a down market is a good thing...I guessed wrong. It appears that Mississauga Home Buyers are willing to pay TOP Dollar for homes that are all done up, reno'd and flaunt Stainless Steel Appliances.
Mississauga Real Estate has increased at least 9% over this time last year. Buying a 2 bedroom stacked townhouse was available for $285,000 - this year asking over 310,000. These Buyers have missed the market...what's next?
Planning on selling your house!
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