I was asked recently about how best to time the market. The conversation began, as many have over the past 24 months, with the individual’s regret about missing the peak. I commented that few, if any, could have predicted that the perfect time to sell your house was November 2016 – early March 2017. Who knew the window of opportunity would be only 4 months?
Heck, I sold my own home in October 2016 so clearly I missed the peak. (My crystal ball had just broken that month and the parts are still on back order.)
So, I asked him, “Were you ready to sell your house at that time?”
“No”, he replied. “Didn’t make sense as our kids were not done high school.”
And this brought me full circle to the timing question. There is no right or wrong time to buy or sell based on the market. The only time that makes sense is when it is right for your family. We can never look at our decisions through a rear-view mirror. A home is where we live and raise our families. A home is where we build memories to last us a lifetime.
And the good news in our market right now is that the year over year numbers across most of our trading area are indicating that prices have settled, and I am cautiously predicting that we may be back to a more stable and confident market. The mortgage regulations introduced January 2018 are still causing some negative impact however our months of steady decline may have finally come to an end. What goes up must come down. And similarly, what goes down will invariably go back up over time.
Spring is finally here. Time to throw the windows wide open and let some fresh air back into our housing market.
As always, we remain committed to helping you make the very best decisions. Give us a call, send us a quick note and let’s chat about your goals.
1054 Vance Crescent, Innisfil
3 Bedrooms, 2 Bathrooms, Detached 2-Storey
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