Ever wonder why your friendly Mississauga mover seem be doing brisk business lately? Well, a cursory look at the goings-on in Mississauga and in other major real estate markets in Ontario will show that things are looking good for major players and stakeholders. Specifically, there is a sustained uptrend in the overall value of real properties across all segments of the Ontario real estate markets. Springfarm Yorkhill, Ontario Real Estate For Sale is an excellent resource for this.
Just like with other real estate markets, the real estate market in Mississauga and in other parts of Ontario are cyclical. Market activities become frenzied during the months of April and May. This is the main reason why the business operation of a Mississauga mover reaches its peak during the early part of summer, while January and February are usually the lean months.
Higher home values normally prevail during the months of April and May in Mississauga and in other Ontario real estate markets, including GTA. The main reason for this uptick on home values across all segments of the market is the fact that more of the high-end real properties get listed during this period.
Buoyed by the positive performance of real estate markets in Mississauga and in other parts of Ontario, major stakeholders and allied players such as the Mississauga mover took the opportunity to expand their scale of operations in response to the growing demand for real properties.
With the market closing out with an average price of $411,931 last year, recent developments further fuelled the appetite of homebuyers and investors and the first half of the current year brought about increases in home price averages ranging from moderate and sharp surges on a month-to-month basis. Specifically, monthly home price averages for the first six months of 2010 ranged from a low of $409,058 in the month of January to a high of $448,641 in the month of May.
The downturn in the market during the early part of the year was primarily due to seasonal factors and is by no means associated with the shifts in the market. Most of the buyers went into the market at the close of 2009 and there was a momentary dip in home sales and spike in the prevailing inventory during the start of 2010. However, the market ultimately stabilized towards the end of January with sales figures reverting back to their 2009 levels.