A Mississauga condo sold at two drastically different price points in two years shows just how much real estate prices in the GTA tend to fluctuate...
The two-bedroom, two-bathroom apartment, located at 80 Absolute Ave., is just across the street from Square One Shopping Centre, and comes with an extensive list of amenities including a basketball court, gym, spa, theatre and elevated running track.
However, prices began to drop once again shortly after when the Bank of Canada started raising interest rates. Throughout 2024, the province's real estate market has already witnessed several cases of properties selling at significant losses. In March, aearlier this month, prospective home buyers in the region benefited from increased choice and little movement in the average selling price compared to April 2023.
"While sales are expected to pick up, many would-be home buyers are likely waiting for the Bank of Canada to actually begin cutting its policy rate before purchasing a home," Pearce continued.
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