Price is up, sales are up and so is demand! The real estate market during the month of November saw new records in average selling price, as well as home sales here in Mississauga!
The GTA still remains a primary location for immigrants to reside in, as it is at the core of the Canadian economy. The government is currently focused on bringing in more people to help aid in labor shortages, but this is causing a detrimental effect on our housing supply and affordability.
Here are the numbers you need to know for the month of November:
Months of Inventory:
For GTA: 0.67 MOI
For Mississauga: 0.51 MOI
Mississauga Housing Segments:
Detached homes: 0.68 MOI
Townhomes: 0.17 MOI
Semi-Detached: 0.17 MOI
Condos: 0.34 MOI (slowly catching up to the other segments)
SELLERS
If you're thinking of cashing out, you need proper guidance to capitalize in a hot market. Average agents are selling their listings for 106% of asking price. Here, at Mister Sauga Real Estate, we are selling for 113% of asking price (7% MORE for your largest investment)
BUYERS
We helped 16 buyers last year win in an extremely competitive market, so get into the market before you get priced out!
What are your thoughts on the government's decision to focus on solving our labour shortages over the housing shortage/affordability crisis we are currently facing?
If you're thinking of making a move in 2022, we're here to help! Contact us today to get started!
Call or text 647-504-0690
Email: steven@mistersauga.ca