According to the TREB Market Watch, real estate sales were strong in the first two weeks of May, and there is increased competition between buyers due to a shortage of new listings in the market. The TREB Mid-Month Market Watch also suggested that there was substantial price growth for detached homes in Toronto, and a steady supply of condominiums in the market.
Homes in Toronto and the GTA, significantly increased in value. Home owners it is your time to become sellers as there is an increase in both the value of your home and the number of it's potential buyers. Take advantage of the strong real estate market to get the price you want for your home. In order to become an informed seller, it is important to know the present value of your home. Get a comparative market analysis done on your home, by a real estate professional, to know the present value, you may be pleasantly surprised!