MARKET UPDATE MAY 2009

GREAT NEWS FOR THE LOCAL MARKET!

Buyer momentum and historically low interest rates combined to make May an excellent month in local real estate.

Prices have held fairly steadily, with an a slight increase in average sales price for the 688 residential sales recorded by the KW Real Estate Board.

For buyers, there is an ample supply of over 2200 properties from which to choose.

Regardless of what the Stock Market does, it bears repeating that "You can't live in an RSP."

Similarly, over time, investing in real estate has proven to be a much better decision.

Gerard Joseph Hoshooley

Gerard Joseph Hoshooley

Sales Representative
CENTURY 21 Heritage House Ltd., Brokerage*
Contact Me

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