Outlook 2010

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What does this new year hold for Canadian home buyers and sellers? I certainly feel we have a pretty clear picture of how the first half of 2010 will shape up.

January to June, 2010, will see several factors converge to strengthen the real estate market:

Pent-up demand by buyers will make for an active Spring market

An increase in the number of listings - taking the pressure off of house price increases

Incentive to buy a home in BC and Ontario before the new Harmonized Sales Tax (HST) takes effect

Interest rates will stay relatively low... until the second half of 2010

I elaborate on these points in this short, informal video:

Starting next week, I'll be hosting a series of CENTURY 21 events across Canada, where I’ll have the opportunity to talk to our brokers and sales representatives in every regional housing market.

I look forward to providing you with a snapshot of our industry and the Spring 2010 housing market over the next few months.

Posted by Don Lawby on February 8, 2010

Tags: C21 News

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