Moderated housing prices combined with low interest rates could present excellent long-term investment and homeownership opportunities in the GTA housing market,(TREB). REALTORS can help potential home buyers and investors identify value in today's market.
TREB Members reported 2,670 sales in January from the 5,075 sales reported in the first month of 2008. Of these, 1,106 transactions took place in the City of Toronto compared to 2,128 in January 2008. In the surrounding "905" area, 1,564 sales were recorded, from 2,947 last year. The GTA housing market has not been immune to the economic slowdown in Canada. Some potential home buyers were less-certain about their positioning in the economy over the past year. Until the economy rebounds, and along with it consumer confidence, the number of existing home sales will be more moderate in comparison to the average over the last ten years.
Keeping you up to date....
"BUY WHEN NO ONE ELSE IS!"