Is Now a Good Time to Buy or Sell Real Estate in the GTA?
The market has changed. Prices are down from last year, listings are up, and borrowing costs have eased. But many buyers and sellers are still unsure about what to do next.
For Buyers:
With interest rates expected to drop, this may be the best opportunity in some time to purchase without facing intense competition. More inventory means more choice, and most sellers are open to negotiate. The longer you wait, the more likely it is that competition will return along with upward pressure on prices. We don’t know exactly when that shift will happen, but when it does, you may find yourself competing for the home you could have bought today with less pressure.
For Sellers:
This is not the market we saw in 2021 or early 2022, but there are still qualified buyers actively looking, especially for homes that are priced properly and presented well. While the number of listings has increased, many properties are sitting because they are either overpriced or poorly marketed. If you are serious about selling, positioning your property now while inventory remains high and buyer demand is steady, can still lead to a successful outcome.
Bottom Line:
Market conditions right now favour those who act with clarity and a tailored strategy. Whether buying or selling, it pays to work with someone who understands how to navigate the current market and protect your interests.
Thinking of making a move? Contact me and let’s talk through your options.