Mississauga Real Estate Market in May continues to be strong

The Canadian market is currently very strong with the Loonie reaching a 30-year high of 92 cents on Friday. The strong Canadian market is fueled by strong prices for oil, energy and other commodities, strong retail sales, low unemployment rate and foreign investors has kept the market buoyant. Also the number of first-time buyers and new immigrants who are looking for their first home continue to be strong.

Builders of new condominiums and houses are being challenged with increased material and labour costs and labour shortages, resulting in projects being extended and new projects delayed, has helped to make the inventory low and demand high.

The Mississauga Real Estate market continues to remain healthy and active with new listings not able to keep pace with sales activity. This is a great time for buyers to list and get top dollar for their home.

Planning to put your property on the market? – Call Leif Kalaas today