A Balanced Housing Market Emerges
"Recovery underway in key Canadian markets ends buyer dominance in resale housing," says RE/MAX Mississauga, ON. (July 13, 2009) - Pent-up demand for residential housing has bolstered sales in Canada's major markets-a clear signal that the housing sector has shifted into recovery mode, says RE/MAX.
A more balanced market has emerged. This has ended the stronghold that buyers have had on the market over the past six to eight months. Canada's largest markets, Toronto and Vancouver, led the charge - with June sales among the highest in history for both local real estate boards. Check out the Market Watch that's available. Major markets began to recover in March, and sales continued to escalate in April, May and June. This is expected to continue throughout the remainder of 2009, with most centres now forecasting year-end sales on par or ahead of 2008 levels.
"The strength of the market, amid the most significant global recession in recent history once again underscores its relevance to the nation's economic engine," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. Canadians believe in homeownership -- a fact best illustrated by the purchasers who ventured forward in recent months and snapped up some of the best real estate deals this market has seen in years. Those who chose to sit it out on the sidelines are now facing a market in transition, characterized by the threat of rising interest rates, low inventory levels, and upward pressure on housing values."
Those who chose to consider my advice have been the lucky few. Those of you who have chosen to wait until "the prices of homes come down some more" , I'm afraid you are in for a rude awakening. We have multiple offers. Those homes that are priced well are not staying on the market for very long. Choices are few. Buyers are not having the chance to see something a second time. "If you like it, you better be prepared to work on an offer with you agent."
I am in this business for the long term. Being a full-time agent, I am committed to providing you with excellent service and I continue to share my real estate knowledge and thoughts with you. I want to be known as your "Real Estate Advisor". Whether you want some reliable information about the Real Estate Market, or if you are just curious about how your home might stack up against neighbourhood listings, remember, I'm just a call away.
Are you an Owner? If you own property in the Mississauga, Oakville, or Burlington Communities, and you would like to sell your residence, contact Betty Bartusevicius at 905 828 3434 or directly at 416 427 1875 and get a free market analysis.
Are you a Buyer and are interested in purchasing a home in the 905 area code? Contact Betty to receive FOR SALE/SOLD data of neighbourhoods to enable you to make an informed decision and do some comparable shopping.
If you know of friends, family, or colleagues who are thinking about making a real estate move, feel free to pass along my contact information. Know that their real estate needs will be well attended to with kindness and professionalism. Your referrals will be greatly appreciated.
Contact Betty Bartusevicius at 905 828 3434 or directly at 416 427 1875
Re/Max Realty Specialists Inc., Brokerage
Contact me by email at betty@bettybart.com
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