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Competition between buyers encourages an acceleration in price growth.

Updated: Apr 4, 2020

A strong and healthy economy, low borrowing costs and strong population growth will support increased home sales in 2020. Yes, market conditions are becoming tighter as home sales continue to outpace the growth for available listings. "The resulting increase in competition between buyers will likely result in an acceleration in price growth across all major market segments,” said Mr. Collins, president of TRREB.

What does this mean if you'd like to sell your home? Well simply put your timing couldn't be better, its a great time to sell. As a seller you'll have the opportunity to sell faster and for thousands more. The average selling price for a home in Toronto/GTA is $839,363 up 12.3% from January 2019: $747,175.

What does this mean if you're looking to buy a home? You'll need a Real Estate Agent to assist you in presenting a strong offer and negotiating the best price on your behalf. Since prices are continuously going up, it's a good idea to get into the market as soon as possible. Sign up for email alerts to check out every new listing that matches your search criteria.

If you or someone you know is thinking of Buying or Selling a home and would like a free Market Evaluation or specific statistics for a region/neighborhood; or If you have any Real Estate questions, please call me I will be happy to help.

Your Friend in Real Estate,

Christine Ivy Stephenson | Real Estate Agent M: 647-300-7959 O: 905-695-7888 F: 905-695-0900 C. Ivy & start packing

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