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Does A Lockdown Affect Real Estate Prices?

January 20, 2021

 

Does a lockdown affect real estate prices? Yes! Yes, it does.

 

A certain percentage of the population has become frightened during the pandemic and will back off on their real estate needs. They think when things settle down, they’re going to put their house up for sale and move. They know there are buyers out there, but they decide to hold back on selling.

 

This mentality means there are fewer homes on the market, but guess what? Other people are still selling their homes, which means there’s less competition for them and more demand. You’re actually helping other people get more value for their homes.

 

Don’t miss out on the current market! We have a lot of GTA buyers coming in looking to purchase because they’re tired of being trapped in a small box with nowhere to go.

 

You’ll see your home do extremely well in this market because of the housing shortage. Don’t hesitate if you’re thinking of selling!

 

Call or DM us today and let us get you top dollar for your home: Tel. 905.575.7700

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