What's Up With condos sold in Mississauga
2007 has been an interesting year for Condos sold in Mississauga. The murmur heard on the street is that there is a tremendous amount of inventory on the market, the market is beginning to favor the Buyer more than the Seller, and the Mississauga real estate market is in a slump. It's easy to follow what you hear, rather than digging into the statistics to find out what is really going on. So let's dig into the statistics by analyzing the first quarter (Q1) of both 2006 and 2007 to see what nuggets of information we can find. Before we look at the numbers, the assumptions that we are working with here are: Properties are deemed to be condominiums Properties are in the city of Mississauga itself Sold properties represent those that undergo a change in ownership (i.e. we are not counting those that are under agreement) Let's take a different look at the situation - let's determine how many Condos sold in Mississauga sold in Q1 2006 vs. Q1 2007. To stimula...