Prices Continue to Rise At An Extremely Fast Rate

February 23, 2021
Prices Continue to Rise At An Extremely Fast Rate

How is the Market? This is definitely the most asked question by people I speak with. The answer is always changing, which is probably the reason the question is asked so much. My answer to this question can be summed in one word, CRAZY. The market is currently “crazy”, with so many new records being set in multiple areas for the highest sale and then a week later a new record is set.

There was a house in Brampton that sold in November and it closed in mid-January. The new owner listed the property for sale the very next day, selling it in 4 days for 20% more than he paid for it less than 3 months before. That is something I never imagined would be happening. Similar to clients of ours, they bought a 4 bedroom Semi-Detached house in Mississauga in late November and we listed their 4 bedroom condo townhouse in mid-January. I was shocked when we received $11,000 more for their townhouse than we paid for the semi. It’s definitely a Seller’s market, but our buyers are still finding deals. We also just purchased a house to flip well under the listing price.

If the time is right for you to make a move, we can help you navigate through a home purchase with ease and help you achieve top dollar for your home on the sale of your biggest asset. There is a process or a way to do everything and if the steps are followed the outcome will be great, similar to baking as you must follow a recipe to eat a delicious cake. The CRESI Team is happy to share our selling recipe with you, just let us know when you’re ready to bake.