Back To The Future!

I feel like Marty McFly! January 2009 has been a busy month! Far busier than anyone could have expected. I personally have been involved in three multiple offers! It feels like I’m working in January 2008 and everyone is rushing to buy a house before the Toronto Land Transfer Tax comes into place. I have a number of colleagues at Bosley who have noticed the same thing. Here is a list of some of the areas where we have seen this activity: The Beach, Annex, Leaside and Downtown Condos. Of course the quality of the home and appropriate prices are necessary to have a multiple offer situation. By no means is this the norm moving forward but what a surprise! The discounted home values, historically low lending rates and buyers who were waiting on the sidelines through the fall have have started the year off with a bang!

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