December 2015 , Will the Real Estate Market Stay Strong?

It seems like it was only several years ago since my Family and I moved to this beautiful country, but one thing has always remained a huge part of our security as a young family; the value of our home.

 

Just like everyone in every market ever, we will wonder, is this market staying strong, or is it at the peak of its business cycle? My business senses are telling me to take a look at the trends currently being experienced by the trade, stock, and labour markets as an indication of how we are currently growing/depleting as an economy. Fortunately, according to the Toronto Real Estate Board, housing sales have increased year over year when comparing this time of the year with last years results. So, this means that there are more houses being sold this year as opposed to last year; given, the difference is not eye-opening. Furthermore, we might also observe that as of recent reports the month of October 2015 has exhibited the largest number of sales historically.

 

Just as any other person might see, we are currently experiencing a Real Estate cycle which is almost at its best (in my opinion). To some people, this might sound alarming, since fundamental economics will teach that a market in prosperity will reach a peak followed by a trough. Optimistically, this is definitely an advantageous time to sell your home, but should not deter any buyer (with the right representation), to inquire about a future home.

 

Abram Girgis

Abram Girgis

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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