Toronto-based realty brokerage<\/a>. \u201cThe number of listings dropped substantially throughout the GTA and properties coming on the market in January are doing so out of a sense of urgency. That gives buyers more leverage to get a better deal.\u201d<\/p>\nSpring is the real estate market\u2019s busiest time of year, which means, of course, it\u2019s replete with hungry buyers. Getting in earlier, on the other hand, proffers buyers something that\u2019s increasing difficult to find in a real estate market like Toronto\u2019s: bargaining power.<\/p>\n
\u201cThere\u2019s far less competition from other buyers at this time of year with the financial hangover from the holiday season,\u201d continued Schmidt. \u201cBuyers are typically strapped for cash and they can\u2019t make big purchases, so buyers who are prepared financially have an opportunity to get a good price.<\/p>\n
Schmidt reckons that January 22 is the cut-off date for those deals\u2014or, at least, it bargaining power diminishes after that date.<\/p>\n
\u201cCloser to the end of January, there\u2019s more inventory so the second-last week of the month before we get into February is where there\u2019s more competition,\u201d she said. \u201cTuesday is also a very popular day of the week for buyers to purchase, so for all those reasons it\u2019s an ideal day for buyers to get into the market.\u201d<\/p>\n
Mortgage brokers can also attest to the relative ease with which buyers can find homes during January. Daniel Johanis, a mortgage broker with Rock Capital Investments, says that a buyer with orderly finances should have a much easier time during frigid winter months than they will once the snow melts.<\/p>\n
\u201cThere\u2019s something to be said about people moving in minus-30 weather,\u201d he said. \u201cIf you have your finances in order, it\u2019s a good time, especially historically, because there\u2019 less demand.\u201d<\/p>\n
Originally published on: https:\/\/www.mortgagebrokernews.ca\/news\/looking-for-a-deal-nows-the-time-253123.aspx<\/p>\n","protected":false},"excerpt":{"rendered":"
December 2018 went down as one of the slowest months for sales in the Greater Toronto Area\u2014and that presents buyers an opportunity. \u201cLast year\u2019s mortgage rules and rising interest rates caused a pause in the market and caused sales to drop,\u201d said Vicki Schmidt, broker of record and co-founder of JUSTO, a Toronto-based realty brokerage. […]<\/p>\n","protected":false},"author":14,"featured_media":3118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"yoast_head":"\n
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