Move-up Buyers Are Here Again

The last couple of months have been surprising many people in the Collingwood and Blue Mountain area as real estate sales outpace all expectations.  It seems that almost anything that is newish with a basement and double car garage priced under $375,000 is likely to see multiple offers and a quick sale.  Yes, the move-up buyers are back in the market.  According to a report released this past week by RE/MAX Ontario-Atlantic, this trend is being seen across the country.

In the report, is says that strong equity gains and lower interest rates are driving this trend.  It also reported that the time between moves for buyers has shortened and that confidence is stronger than pundits would suggest.

You can read the full report here including a look at markets across the country.


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Saturday, February 23rd, 2013 at 3:59 pm and is filed under Buying Real Estate, Collingwood Real Estate, Local News and Current Events, Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Comments

  1. Awesome to see your market moving so quickly! That’s how the Saskatoon market was moving back in 2007, we saw upwards of 30 offers on properties within 48 hours of being listed.

  2. Marg says:

    Wow, I can’t imagine 30 offers on a listing! That is very stressful for everyone. Thanks for your comment Susan.

  3. It was definitely a stressful time. There was lots of money to be made for Realtors, but also a lot of running around for nothing if your offer wasn’t the one out of 30 that was accepted!

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