By: Ragona Sisters Team - Your Real Estate Agents for Vaughan, Toronto, Mississauga, Brampton

Anxious Buyers are Holding Back

Tags: Market Update, Home Buyers

May 4, 2017.


In the last couple of months, horror stories have circulated of crazy bidding wars and selling for astronomical prices. As soon as the new "Fair Housing Plan" was announced, a lot more listings came out. A lot of buyers were burned out and some developed a "wait and see mood".
 

The Buyers Effect

The new listings surge started in mid-March, and we think part of that was driven by people worried if these new provincial changes were going to cool our market.

Meanwhile, a lot of buyers are pulling back because they think the market might fall. They're worried about bubbles … so there's a lot of uncertainty on the buying end.

That makes now a good time to buy if you're looking!!!  

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