The Mississauga real estate market is on the cusp of entering a dynamic spring market. In fact, the Toronto Real Estate Board just released figures that show the housing market was very active and flourishing across the GTA in February.

TREB reported 6,338 home sales through the Toronto MLS system in February 2015, a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.

Even the frigid, cold temperatures couldn’t keep buyers away. Our office has been bustling with activity all throughout the winter and we expect this spring to be very busy.

In fact, the spring is typically the busiest time of the year in the Mississauga real estate market and the Greater Toronto real estate market, in general. This is because this is the time when the most buyers are out searching for a home to purchase. Fewer potential home buyers desire to search for a new home during the holiday time in the winter, or during the cold months. Buyers with children typically want to be in their new home before the new school year in September. These reasons led to a bustling spring market—typically between March and June.

The best time to sell a home is during a seller’s market–a market that has more buyers than sellers and hence higher prices result from this excess of demand over supply. (On the other hand, a buyer’s market is a market which has more sellers than buyers. Low prices usually result from this excess of supply over demand.) Obviously, you want to try to sell your home when demand is high, as prices will be pushed up. This also means that the general state of the economy influences demand. What are interest rates like and what is the forecast for them? Current low interest rates mean there will be more potential buyers, which is great for sellers.

If you are considering selling your home and you are wondering whether the time is right, please contact me at 905-502-1500 and we can discuss the matter more fully. I would love the opportunity to discuss this with you.