Economists are predicting the current activity in housing to slow down. This means home prices will stabilize as the demand begings to balance with the availability.
See this attached story from the Toronto Sun.
Last year’s comeback for Canada’s housing market will carry through early 2010 but subdued activity is on the horizon as higher prices and interest rates make property ...
Posted by Robert Atkinson
on March 26, 2010
Everyone is interested in real estate, even if they're not buying or selling. Lately one of the most common questions I get is "Is the market still slow?" I find this really interesting as the market is really quite strong right now!
Most homes are selling within a week and often with multiple offers. There are a number of factors at play as to why this is happening and it's best ...
Posted by Robert Atkinson
on January 2, 2010
In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.
"The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories ...
Posted by Robert Atkinson
on September 10, 2009
Anyone thinking of doing upgrades to thier home be sure to check out the link below. Here you can find out what upgrades will get you a rebate and which ones won't.
Not only will you feel good about helping the environment you will also be helping your pocket book by reducing your monthly bills and increasing your homes value in the market place.
Call me to find out what your home is worth ...
Posted by Robert Atkinson
on June 20, 2009
There are as many types of people selling real estate as their are buying. In fact, some agents will focus solely on helping BUYERS find homes and not take on listings. Other agents will focus almost exclusively on taking listings and hand off any buyers that might come along to other agents.
One might wonder why would agents not do both? Why only take listings or only take buyers? ...
Posted by Robert Atkinson
on March 28, 2009
Everyone was really excited these past 5 to 7 years as prices were appreciating and getting your home sold was often an experience of multiple offers and short listing periods. It was a sellers market and as a result everyone was selling to realize their gains, great news if you are selling to downsize or to get out of the market. If your home was over priced the market would eventually ...
Posted by Robert Atkinson
on January 16, 2009
Understanding today's real estate market and how the market impacts the home selling process can be confusing. This report is designed help you make the right decisions for your family by helping you understand the market and its impact on the selling process.
The real estate market is a simple function of supply and demand.
In real estate, supply is the total number of homes ...
Posted by Robert Atkinson
on November 10, 2008
Consider this; you have a home that is currently worth $400,000 and you want to move up to a home that is worth $600,000. You would need $200,000 of extra funds to make this move.
Now, the market begins to move to a buyers market and prices slide 5%, let's re-evaluate our scenario above.
Our $400,000 home now sells for only $380,000 (5% less) and the $600,000 home now sells for $570,000. ...
Posted by Robert Atkinson
on October 3, 2008
Seems every where we turn there is news from the US of failed banks and economic uncertainty. Many people are 'wanting' to move to a home that is better suited to them but that if they wait until the spring they will be able to get a better price for their home. Now, I'm not a psychic or able to see the future but I do have good common sense and the market indicators are pretty clear.... ...
Posted by Robert Atkinson
on October 3, 2008
The asking price you set for your home has a significant determining if you will make a profit, how much profit you will make and how long it will take to get your profit. Your real estate agent's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won't leave ...
Posted by Robert Atkinson
on August 11, 2008