When Is The Best Time To Sell A House?

The Canadian Real Estate market has been on a steady upward trend for the past few years, making it an ideal time for homeowners to sell their houses, according to the Canadian Real Estate Association (CREA). However, due to the current economic situation and ever rising interest rates this trend has already reversed and is continuing downward for the foreseeable future.

One reason why you should sell your house today instead of waiting is that home prices are projected to continue to fall in Canada. We are already seeing the effects of government policy aimed to reduce the values of homes. Many people are often not able to wait years for these effects to wear off before selling. So if you need to sell your house fast… the sooner the better.

Another reason to sell your house now is the ever increasing interest rate. In order to try and temper inflation the Bank of Canada has been constantly raising interest rates. This causes potential buyers to only be able to afford a fraction of what they could last year and every month it gets worse and worse.  In the Globe and Mail article  12 months of rising interest rates how are you holding up?,. they are seeking citizens to share how they are holding up with the high interest rates and what their thoughts are on the Bank Of Canada’s decision. Unfortunately, not only are many struggling ot pay their mortgage payments, the reality is that until we see rates begin to go down, the value of your Edmonton Property will continue to fall.

Furthermore, selling your house now also gives you the opportunity to move on to your next chapter in your life. Whether you’re looking to downsize, relocate, or get away from property problems that are causing you nothing but stress you should not put these plans on hold.

In conclusion, there are many reasons why you should sell your house today. The Canadian real estate market is currently experiencing a shortage of homes for sale, home prices are projected to continue falling, and interest rates are expected to continue rising and if not, stay higher than we have seen in the past.  Most importantly, selling your house now gives you the opportunity to move on with your life and get the most equity out of your home you can.

If your are thinking about selling your house, that usually means it is time for you to sell!

For the quick and immediate sale of your Edmonton Property, or to have any question answered about a quick sale on your property,  give we buy houses Edmonton a quick call at 780-483-2006!  Or fill out our contact form.

We are here to help!