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Is The Real Estate Market Rebounding?

June 12, 2009 REAL ESTATE No Comments

 

 

 

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All indications are that it is . Especially in the Toronto downtown core and a few of its close suburbs. We are starting to see multiple offers again on single properties. Recently I put together an offer for a client and by the time I registered it , it sold. Then again for the same clients, I was about to show them another property and once again sold.
This is not only occurring on resale properties but on new developments as well.
The mycondonetwork.com team put together nearly 30 offers to purchase for our various clients and while they were being presented the builder increased the original asking price and our thirty offers dwindled down to 3. Not only that we did not get the units we were asking for.
The buyers market which by my opinion was short lived is over. If you have any intention of buying that first home wait no longer for it will cost you dearly.

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