GTA and Mississauga Average Price Graph

You are here: 

QUESTION:  We are always reading about a buyer's or seller's market in real estate articles.  What exactly are they talking about?

Canadian Real Estate Association LogoOntario Real Estate Association Logo

ANSWER: Traditionally a buyer's market is "a market condition characterized by low prices and a supply of commodities exceeding demand." In other words, it’s the old and proven supply and demand principle. In real estate terms it means there are more available houses for sale than there are available buyers. With a surplus of house listings to choose from, home buyers become more selective and sellers more anxious to sell often at attractive prices.

On the other hand, a seller's market is the reverse. You have many ready buyers shopping a smaller market of available homes. In this type market, sellers generally have the upper hand and can command good offers, often above the listed price. Some sellers will refuse offers with any contract contingencies, including a pre-purchase home inspection.  Home Inspection Issues, concerns, tips and information This is foolish since any defects, which would have been disclosed in a professional home inspection (read HouseMaster), don't vanish. They will surface post-purchase and be much more difficult to deal with for all the parties involved. It's always better to be safe, not sorry. We hope you can now better understand the terms.
Are prices rising or falling?

Average Residential Resale Home Price Trends Graph since 1995 Average Residential Resale Home Price Trends Graph since 1985

You may wish to navigate to mls.ca and you may use this link to go to mls.ca

You may wish to read more information about mls.ca

If you have any questions about mls.ca or TREB please email me.

Thank you,

Mark

 

Ask, and ye shall receive.. click the Genie or  Search the web and/or this website! send me an email with the MLS numbers and I'll get you the full MLS listing right away!
Page copy protected against web site content infringement by Copyscape

Excellent, I am ready to begin my home search   Next Step in Mark Argentino's Selling Process

 

 


REMAX Mississauga Real Estate NewsletterReal Estate Market Watch Newsletter

Why Subscribe?  You will receive valuable Real Estate information on a monthly basis - such as: where to find the 'best' mortgage interest rates, Power of Sale properties and graphs of current house price trends.  Plus, you will pick up ideas, suggestions and excellent real estate advice when you sell or buy your next home. Read Past Newsletters before you decide  Privacy-Policy
Your e-mail:

Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM -
Last Update of this website: Tuesday, September 2, 2014 8:44 AM
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and - or Meadowvale ) Ontario, Canada Real Estate Property Internet web site you will find relevant information to help you and your family.

| Complimentary & Quick Over The Internet Home Evaluation |
Top of Page - Mississauga homes for sale, properties for sale and valuable information regarding the City of Mississauga, Ontario