During the month of October, the GTA real estate market reached the second-highest level on record and the amount of inventory is continuing to struggle to keep up with demand.
There are still many opportunities to be found in the real estate market and a good way to identify which would be best for you is by looking at the Months of Inventory of the different segments (the lower the value, the stronger the market)
Here are the numbers you need to know for the month of October:
Months of Inventory:
For GTA: 0.79 MOI
For Mississauga: 0.58
Mississauga Housing Segments:
Detached homes: 0.69 MOI
Townhomes: 0.36 MOI
Semi-Detached: 0.25 MOI
Condos: 0.66 MOI
Since COVID restrictions have lessened, Canada is taking immediate action to raise our population growth rate (as 2021 was the lowest in over 100 yrs) by landing over 400k new immigrants into the country each year, for the next 4 years.
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!
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