Houses in the GTA less than $2,000,000 are still receiving multiple offers and the listing price ratio is about 109%.
However, I am sensing a shift. Not major, but places outside of the GTA are not as crazy.
In Vaughan, for instance, one 3-bedroom detached house had 56 people through, and only two offers.
Last week, I was pleased to bring one of my clients to Cambridge to buy this amazing 4-bedroom, detached home with a pool and a hot tub!
There’s no doubt it’s still a seller’s market. So Buyers shouldn’t expect to get a deal like last Winter’s prices. But if you can look for other cities or wait until more inventory increases, maybe the competition won’t be as crazy.
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