Real Estate

Whitby Outlook / Selling House

  • Last Updated:
  • Apr 12th, 2021 8:29 am
[OP]
Newbie
Jan 26, 2021
70 posts
21 upvotes

Whitby Outlook / Selling House

Hi there
I’m looking to sell a house in Whitby for the 1.1-1.2M price range. Most likely will list low and generate a bidding war. Was wondering if it would be good to list now or wait and list in May when the shutdown is over? Any opinions on how the Whitby market is doing ?
3 replies
Deal Addict
User avatar
Mar 30, 2010
3325 posts
1267 upvotes
Greater Toronto Area
Now.

OSFI is proposing a slightly more stringent stress test that's coming into effect June 1st, meaning there's going to be more FOMO at least up until that date.

That means I'd aim for a closing date before June 1st.
<removed>
Deal Addict
Jul 12, 2008
3481 posts
1047 upvotes
GTA
Now
- Most people are insanely bullish on housing at the moment
- The prospect of work from home won't be better than now with record case numbers (WFH might decline as things return to normal)
- Interest rates remain very low
- Policy changes coming like the one from OSFI won't come in time to impact your sale
- The last year has seen some incredible run up in prices including as much as 45% in Orillia and closer to 50% in Sarnia
Deal Addict
Feb 19, 2019
1236 posts
1744 upvotes
Stouffville ON
The market is still strong and good properties are selling very well.
Can't predict the future though.
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