In Toronto,
the average home buying process takes between three and eight months, says Gidamy.
Not exact matches
After the 2008 housing crisis, lenders tightened their grip on the lending
process, which made it more difficult for the
average Joe to
buy a
home.
That infrequency of
home buying and selling means the
average consumer's knowledge base of the
process is relatively limited.
Educate: Educate the buyer on the area, what comparable
homes are selling for, the
average price per square foot in the neighborhood, and every stage in the
buying process.
But sometimes you end up working with an
average Joe, and it can cause real issues that affect every part of the
home buying process.
Others say it's a function of the increasing
average age at which people get married that's driving the delayed
home -
buying process for Millennials.