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Looking for my future home. What should I buy?

Updated: May 10, 2020

The release of key housing market statistics for April 2020 illustrates that the semi-detached & townhouse market segments show an annual average growth above the inflation rate. The condominium apartments and detached home segments experienced price declines when compared to prices in 2019.


If you're a first time home buyer, you'll get the most bang for your buck by purchasing a Condominium; it's the window of opportunity to get a sweetheart deal you've been waiting for. If you're an upgrader this is a tremendous opportunity to sell your semi-detached or townhome and scoop up a detached home for a better price than you would have gotten a few months ago.


Real Estate is still the best investment today. The average selling price for April 2020 transactions was $821,392 compared to the average selling price of $820,373 for April 2019 (up by 0.1%) even amidst COVID-19.

 

GDP is down 0.4% compared to 2019

the unemployment rate is up 6.0%

Inflation is down 0.9% compared to 2019

 

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, please call me I will be happy to help and answer any real estate questions.


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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