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Why Isn't My Home Selling ?
Why Isn't My Home Selling?No one controls the market. We all are subject to the market circumstances at the time we are trying to sell. There are 3 types of markets  1. Sellers market (Like Toronto with too many buyers and not enough houses with bidding wars where houses sell for more than the asking price.) 2. Balanced market where there are enough homes and enough buyers and buying and selling is normal. 3. Buyers market where there are too many homes for sale and not enough buyers making it hard to sell your home for a good price. (This is the market we are in here locally.)  A number of things have caused this  1. Birth Control  We stopped having babies. A generation ago we had 5 to 15 children in a family growing up and buying houses. Now the average Canadian family is 1.6 children. 2. Our economy and migration many of our young people move away for work. 3. Credit tightening !! Because of the hot real estate (Sellers) markets in Toronto and Vancouver and the fear of a national housing collapse the federal government has been making it harder to get a mortgage by changing the lending rules. In Canada most markets across ... more

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