Toronto Homes & Condos For Sale

If you are thinking of buying a Home or Condo you are probably wondering when is the best time to buy. You are probably searching the Internet for Toronto Homes & Condos for sale and there is a lot to look at. But is this the right time? If you talking about interest rates the answer is most certainly yes. Interest rates have never been lower and it is a great time to take advantage of this.

But interest rates are not the only thing to consider. Time of the year is also a factor when searching for Toronto Homes & Condos for sale . The usual peak times for the Toronto Real Estate market are from March to July and from September to December. This is not to say that you should not look at other times of the year as there are always new listings coming onto the market. There will be, however, a greater number of Toronto homes & condos for sale during these times.

This also means, of course, that there are a greater number of buyer looking and bidding on these homes. Because of this the average price of homes & condos is usually higher during these peak times.

The opposite is true during the non-peak months. Because the number of Toronto homes & condos for sale is less than the peak months so is the number of buyers and also the average price.

Ultimately the answer to when the right time to buy is dependant on what is available and for what price at the time you are searching. And as long as you have a qualified and professional Realtor working for you under a buyer agency contract you will be certain to get the best possible deal.

Lu & Stefan Hyross are full-time RE/MAX Sales Representatives with combined experience of more than 30 years in the City of Toronto.