It’s a good time to buy and sell homes: real estate agent

REMAX real estate agent Tony Johal said house prices are not going to come down anytime soon

The local housing market continues to build pressure – but that shouldn’t stop you from buying a new home.

That’s what REMAX real estate agent Tony Johal says, who said house prices won’t come down anytime soon.

He was saying right now – Waterloo Region is an expanded sellers market.

“This rush of activity keeps coming up through spring, but it seems like our market as a whole is going through this rush, this insane activity, these bidding wars for a long time,” he said.

“So maybe I just have to say that this is the new norm for now.”

Johal noted that demand is mostly driven by buyers looking to move from GTA to the Waterloo region.

“You are talking about 40-50 percent of real estate sales in our area that are made to people who move in from the GTA. People who move in from other provinces are also not taken into account. We kill people.” from the east. We’re getting people from Quebec. Everyone is moving to the Waterloo region. “

He noted that it is also a good time to buy for people looking to buy their first investment property.

“When we bring a leasing offer to market, the attention and number of applications we can get for that one offer is phenomenal.

“So there is an incredible need for more landlords who rent properties because many tenants are looking for their next home there.”