Why Right Now Is a Once in A Lifetime Opportunity For Sellers?

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If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.
Demand for ownership housing will remain strong in 2022. TRREB is forecasting:
  • Total home purchases reported through TRREB’s MLS® System in the GTA will reach 110,000, representing a dip from 2021, but still a strong result in comparison to previous years
  • The average selling price for all home types combined in 2022 will be $1,225,000, representing an approximate 12 per cent increase compared to 2021.



Supply Is Very Limited

The number of current homeowners who are very likely to list their home for sale in 2022 is also down.

/TRREB’s 2022 Market Outlook & 2021 Year in Review/

The lack of housing supply in the GTA has been well-documented and will continue to be an issue in 2022. This is evidenced by the fact that in December 2021, active listings at the end of the month reached a record low of 3,232 – down almost 60 per cent compared to December 2020.

/TRREB’s 2022 Market Outlook & 2021 Year in Review/



Right Now, Sellers Have Maximum Leverage

As mentioned above, when there’s strong demand for an item and a limited supply of it available, the seller has maximum leverage in the negotiation. In the case of homeowners who are thinking about selling, there may never be a better time than right now. While demand is this high and inventory is this low, you’ll have leverage in all aspects of the sale of your house.

Today’s buyers know they need to be flexible negotiators that make very competitive offers, so here are a few areas that could tip in your favor when your house goes on the market:

  • Competitive sales price
  • Flexible closing date
  • Potential for a leaseback to allow you more time to find a home
  • Minimal offer contingencies

Bottom Line

If you’re thinking of selling your house this year, now is the optimal time to list it. Let’s connect to discuss how you can put your house on the market today.


Let's talk about where you are, where you would like to be and what you need to do to get there
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Location: Ontario, Canada

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