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Action Power Team Ltd. Brokerage.
Serving Ottawa Region Since 1971.
Unit 15 - 1420 Youville Dr, Ottawa, ON K1C 7B3
Since Canada.
 
Corredora de Bienes Raices en Ottawa.
¡Hablo Español!
Every Client is Special!
Raquel Ireta-Hamel
 
YOUR Personal REALTOR®
Direct: 613-796-2500 ..........Office:613-837-3800
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Housing sales drop 16.7% in March
Will Canada's housing boom last?

BUYERS' MARKET VS. SELLERS' MARKET
 

This is a common question that my clients ask when they are buying or selling their home. It is very simple to explain. A basic principle of Economics called The Law of Supply and Demand, this principle helps to determinate who has the power in this case to determinate the price in the house market.

  Supply represents how much the market can offer
  Demand refers to how much (quantity) of a product or service is desired by buyers.
Buyer's Market: Many houses on the market less buyers. Houses last longer in the market. Prices tend to drop and more negotiations.
Seller's Market: Many Buyers and fewer houses for sale in the market. Houses sell quickly. Prices usually tend to increase.
Balanced Market: There is an equilibrium where the number of houses on the market is equal to the demand or number of buyers. Reasonable number of homes to choose from.
 
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