The Motria Group's Market Blog: It's starting to feel like a seller's market
Tuesday Jan 21st, 2020Share
It’s starting to feel like a seller’s market… In the past couple of years the outskirts of Toronto core have been fairly flat and houses have sat on the market. Last night we were on an offer on the outskirts of the GTA. The house came on the market Friday and by Sunday there were 3 offers. The price it went for was 1-2% higher than it would have sold late last year. Motivated buyers are starting to feel like if they don’t buy now they will be priced out of the market. They are starting to jump high. We will see how this effect trickles into the higher end market. If the outskirts are hot the core should be very hot.