Just yesterday, I had the pleasure of helping a wonderful family from Montreal buy an outstanding house in the Dorset Park section of Milton. The house is on one of the big lots in town – 52′ x 153′ – and has been done over to the 9′s, or more accurately, to the 10′s! I am very partial to this model of house, and was thrilled to see what can be done to open up this particular style of side-split. I, very seriously, told my clients that I was very glad my wife hadn’t seen the house, or we’d have been moving, and I am happy where we are.

What got me about this house was that it sold for a price about $65,000 lower than I think it could have sold for 18 months ago. On the price of the home, that is a saving of around 18%. That is phenomenal! My clients were fortunate, because we were in a multiple-offer situation, and they are ecstatic, because this house is everything they want in a home for their extended family.

As I think about this purchase, and as I do research for some other clients today, I realize that the market really has turned. Not in the $350,000 + range, but in the lower price ranges. I just checked the MLS, and there are only 2 freehold homes with 3 bedrooms under $260,000. That is a huge contrast to January this year, when there were 23 homes that fit that criteria.

Folks, whether you are first-time buyers, or you are investors whose criteria is newer freehold townhouses, you need to get into the market now! The sale is rapidly coming to an end; don’t be one of the people standing there, wishing they had taken action. Take action TODAY! Call me at 905-208-7002.