Real estate market balance leaning towards sellers in Leeds and Grenville
Prescott sign. (Drew Hosick)
The real estate market balance is strongly leaning towards the sellers currently.
That is what Ron David, President of the Rideau-St. Lawrence Real Estate Board says.
“There’s still a shortage of inventory. The buyers are out there and they are active and they either want to purchase or need to purchase, so what we are experiencing are multiple offers on most of the sales and listings. Which, of course, also relates to a shorter time on the market.”
David says in Leeds and Grenville they’re finding they’re having an influx of people coming to the area from communities like Ottawa, Toronto, Brampton, Kitchener and Oshawa. He says the cause of the influx is price saying this area is still a great bargain. David adds people being able to work from home is another reason and they get an exceptional deal here to work from home.
David says the Ontario Real Estate Association will be bringing a plan to Premier Ford’s government to outline how housing can help drive Ontario’s post-COVID economic recovery. He says presentations to MPPs will be done next week for the plan.