Well it is true to the predictions from most inside the industry and out,report that the Bank of Canada did not have any dramatic surprises up its’ sleeve on Tuesday, as rates were held again. The experts are saying "In fact, it looks as though we may be well into the summer before the rate hike that has long been speculated about, actually materializes." THE EXPERTS AT THE TORONTO REAL ESTATE BOARD "GTA REALTORS® RELEASE MID‐MONTH RESALE HOUSING FIGURES TORONTO, APRIL 18, 2011 ‐‐ Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. said TREB President Bill Johnston. The average selling price for firm deals reported through the first two weeks of April was $483,165, representing a 12 per cent increase over the average price of $430,271 reported during the same period last year. “The number of homes listed for sale so far in 2011 has been below expectations. Market conditions have tightened, resulting in increased competition between home buyers and accelerating rates of average price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The strong rate of price growth reported for the first two weeks of April should entice more households to list their homes for sale. This would result in more balanced market conditions and more moderate rates of price growth,” continued Mercer. LONG story short... SUPPLY still down..... DEMAND STILL HIGH. Typically this is a big listing time of the year and ironically or factually, warmer spring weather - MORE houses to choose from. IF you are thinking about selling....long bets have you favoured to list with a longer closing... get the cash in your hand and to shopping for your new house! First timers...rates stable.. supply increasing... KNOW your numbers and then GO GET YOUR NEW HOUSE.....stop paying someone elses mortgage.
Monday, April 18, 2011
SNOW ...rain... hail... Cold spring but a HOT MARKET OUT THERE!
Well it is true to the predictions from most inside the industry and out,report that the Bank of Canada did not have any dramatic surprises up its’ sleeve on Tuesday, as rates were held again. The experts are saying "In fact, it looks as though we may be well into the summer before the rate hike that has long been speculated about, actually materializes." THE EXPERTS AT THE TORONTO REAL ESTATE BOARD "GTA REALTORS® RELEASE MID‐MONTH RESALE HOUSING FIGURES TORONTO, APRIL 18, 2011 ‐‐ Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. said TREB President Bill Johnston. The average selling price for firm deals reported through the first two weeks of April was $483,165, representing a 12 per cent increase over the average price of $430,271 reported during the same period last year. “The number of homes listed for sale so far in 2011 has been below expectations. Market conditions have tightened, resulting in increased competition between home buyers and accelerating rates of average price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The strong rate of price growth reported for the first two weeks of April should entice more households to list their homes for sale. This would result in more balanced market conditions and more moderate rates of price growth,” continued Mercer. LONG story short... SUPPLY still down..... DEMAND STILL HIGH. Typically this is a big listing time of the year and ironically or factually, warmer spring weather - MORE houses to choose from. IF you are thinking about selling....long bets have you favoured to list with a longer closing... get the cash in your hand and to shopping for your new house! First timers...rates stable.. supply increasing... KNOW your numbers and then GO GET YOUR NEW HOUSE.....stop paying someone elses mortgage.
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