Peak times for selling a home in Canada

What is the best time to sell a house? Did you know there is a busy season for selling homes? Find out when is the best time of year to list your place for sale.

Peak times for selling a home in Canada

The season

Generally speaking, the last few weeks of spring and summer are considered to be the best time of year to sell a home in Canada. Real estate sales increase during warm Canadian seasons because people are generally more mobile during this time, and it’s easier to appreciate the landscaping of the property. Also, families with children in school tend to avoid moving during school season since it can be difficult for children to adjust.

Avoid listing in August

August always tends to be the time of year where sales decrease quickly. So many people are om vacation or preparing for heading back to school. Moving is not ideal for most homeowners at this time.

Study the housing market

You should always investigate your local real estate market before deciding when to list your home. If you plan to sell your home with an agent, they should be able to help guide you. Keep in mind that real estate agents sometimes want to sell your home as quickly as possible so they can immediately get a pay out. Be cautious of agents that urge you to sell immediately.

Consider the state of the economy

When mortgage rates are increasing, there may be more buyers looking but they'll be on a tighter budget. When interest rates are lower, you'll have an easier time selling your home at the price you want. Buyers will be less worried about the price when the interest rates allow them to make more comfortable payments.

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