When Is This Madness Going to End???

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE

Real Estate is alive and well in the Metropolitan Toronto area... but when is this madness going to end?

GTA house goes for $400,000 over asking: ‘It was like a rock concert’

About 800 people viewed the property over three days, eventually selling for $1.1 million.

Click on the photo for full article

With all that said, keep in mind this house was priced well below the market value for the area, so in reality it only sold slightly above fair market value. 

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Mississauga and Streetsville Real Estate


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Ambassador
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Real estate goes in cycles--keep peddling the bike.

Dec 23, 2016 06:42 AM #1
Rainmaker
507,828
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I understand, but this shortage of inventory is causing an inflated and unrealistic market.. the bubble will have to burst sometime.  Even with the government implementing stricter mortgage rules, it doesn't seem to have slowed down the market.

Dec 23, 2016 06:50 AM #2
Rainmaker
2,727,390
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Proves there are deals out there and Real Estate is alive and well...

Dec 23, 2016 08:04 AM #3
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Rainmaker
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Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
Do you know what your home is worth in today's market?
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