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| Understanding Market Conditions |
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With an always changing Real Estate Market, as a home seller understanding how market conditions can affect your position
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Understanding Market Conditions |
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Market Conditions |
Characteristics |
Implications |
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Buyer's Market: The supply of homes on the market exceeds demand. |
High inventory of homes. Few buyers compared to availability. Homes on the market longer. Prices tend to drop. |
More time to look for a home. More negotiating leverage. |
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Seller's Market: The number of buyers wanting homes exceeds the supply or number of homes on the market. |
Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase. |
May have to pay more. Make decisions quickly. Conditional offers may be rejected. |
| Balanced Market: The number of homes on the market is equal to the demand or number of buyers. |
Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable. |
More relaxed atmosphere. Reasonable number of homes to choose from. |
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| Mortgage Calculators |
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Determine which is more economical, renting or buying, based on your payments and accommodation information |
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Calculate the maximum Ontario mortgage amount you qualify for based on your income. A great tool for buyers! |
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| Mortgage Isolator - Is design if you know your monthly budget, you can calculate the mortgage amount. |
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Calculate your Ontario mortgage payment. Create an amortization schedule. Discover what you will owe in 5 years. |
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Prepayment Analyzer - Calculate the effects of prepaying by completing the boxes. |
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| Payment Analyzer - To calculate the amount of your mortgage payment, please enter a value in each of the following boxes |
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