WOW who would have predicted such a sizzling start to the year. It's a Seller's paradise with homes selling in 23 days on average. The average cost of a 2-storey home is now slightly above $1,250,000! And that's all 2-storey's from small single garage 3 BRs to lakefront estates. Buyer's on the other hand are dreading the thought of facing continuing multiple Offer situations when trying to purchase a home, and it wears on you.
Low interest rates are helping with the current demand as well as foreign interest, in particular many Chinese people are buying up a good half of the Oakville properties offered for sale.
Employment remains low and interest rates are expected to remain low for some time to come. As a result, prices should continue to rise.
