Frustration Grows For Gta Home Buyers

Buyers in the Gta are finding it difficult to hide their frustration as their bids on properties are rejected over and over. Due to the lack of supply “ Bidding Wars” are common in the market place. Fewer and fewer properties are causing the market to reach near record highs as first time buyers scramble to get their feet in the door. While higher priced homes are beginning their slow return to a more normal and stable place prior to the near depression predictions.

Sales Reps from all over the Gta scour The Toronto Real Estate Boards Mls system in search of homes for their buyers only to find disappointment at the offer presentation, when they are faced with a multiple offer scenario. Oh yes these are the best of times for sellers, but the poor buyers are paying the price.

You can no longer predict what Market Value is. It is the old adage Market Value is what an informed buyer is willing to pay and an informed seller is willing to sell.

And so goes the Real Estate Cycle unpredictable as it has always been.

I’m Victor Menezes form mycondonetwork.com with Off The Cuff.