Nothing is Stopping Buyers!Market Updates
Nothing is stopping buyers – snow, pandemic, virus variant, vaccine shortages, lockdown. Buyers are still scrambling for houses and now even condos are starting to get multiple offers. Toronto keeps going up in value and so does cottage country. Maybe a new perspective for many – if we are going to spend so much time at home let’s make it comfortable. Pandemic may have highlighted the value of a home – its maybe something that we didn’t appreciate as much before. Home has become our safe place and for many their sanctuary.
How you know when the real estate market is super-hot!Market Updates
How you know when the real estate market is super-hot… A number of agents called us in the past week asking if we have any listings coming out in a few prime areas. One agent even said – tell your clients to name their price. When agents start calling it means they have super motivated clients and there is very little product available. That means that any house that is priced reasonably will probably attract multiple offers and one party is bound to bid high. That’s when prices start going up. It’s not to say that houses can be listed for unreasonable prices but If the number is substantially too high, it won’t sell. A number of homes that were listed last year and didn’t sell have sold early this year. Buyers are jumping high, but sellers don’t get too greedy.
“Garbar” and “gargym” the newest trendMarket Updates
Holidays are approaching and we will have to deal with a different holiday where families can’t always be together. Kids will be off school, what will they do and mothers are trying to figure out how their kids will survive the holidays in a safe way. We all need people – community is important now more than ever. “The Garage” has become an important piece of real estate. Garages all over are being converted to gyms and places to have small gatherings -a friend termed it the “Garbar”. Outdoor activities will be the only way to see people and maintain social contact. Let’s hope we all get through the holidays and manage to keep some holiday spirit.