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A Look at What is Driving the Mississauga Real Estate Market

What is Driving the Mississauga Real Estate Market?

There are a number of factors that all contribute to the scorching hot real estate market in Mississauga and across the rest of the GTA. If you are interested in buying or selling a home in Mississauga, chances are that you have read stories about properties selling for hundreds of thousands of dollars over asking price. What factors are contributing to these increases in selling prices across the GTA and what should you expect when you are looking to either buy or sell a home?

Identifying and understanding the various market factors that drive real estate listings and prices can be very confusing and time consuming. This is especially true in a hot market where the variables are constantly changing and new variables are constantly being introduced. Enlisting the help of a reputable and experienced real estate team is always the best way to get professional advice about the most up-to-date factors driving the real estate market and to stay on top of market changes as they occur.

Supply and Demand

The real estate market in Mississauga is just like every other market in the world; it is mainly driven by the laws of supply and demand. The supply of new property listings available on the market just can’t keep up with the number of buyers that are interested in purchasing. This results in higher average prices of homes with increased competition for every sale.

Historically low mortgage rates are also a major factor that is driving up demand for properties all across the GTA as more people are looking to take advantage of lower interest payments.

Traditionally, the best time to buy or sell a home was during the spring and fall seasons. Potential buyers were typically more interested in purchasing properties during these times. As a result, more owners put their properties on the market during these times to take advantage of the increased buyer interest. This is no longer necessarily the case and listing your home during a traditionally "off” time such as winter or summer may actually result in increased interest as buyers have been forced to change their typical behaviors as a result of changes in the market.

Speaking with an experienced REALTOR®will provide valuable advice about current supply and demand conditions in order to allow you to make informed decisions and take advantage of strategic opportunities in the market.

The JN Asensio Difference

Choosing a client-focused real estate team such as JN Asensio Realty will ensure you get professional advice and personalized service if you are considering entering the Mississauga real estate market as either a buyer or seller. The entire team is committed to being there throughout the entire process – before, during and after a successful property sale or purchase - for each and every client. This leads to many referrals as well as repeat business from grateful clients.

JN Asensio Realty is a full-service brokerage with offices centrally located in Brampton, which allows the firm to successfully service clients all across the GTA. Discover what is driving the Mississauga real estate marketwith the help of a trusted real estate firm and take advantage of all the professional services they provide today.