February is Always a Good Month
Again, another "truism" among real estate agents, or is it?
Let's have a look at Februarys since 2004 and compare them to Januarys. Are the average prices in the GTA for single family homes (the key market indicator) up or down?
February
2004..........up
2005..........up
2006 ..........up
2007..........up
2008..........up
2009..........up
2010..........up
2011..........up
So, whether it's an "old wives' tale" or not, it does seem to work. And, it is important to note that it was even the case in 2008 with the onset of the recession.
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888
www.OntarioRealEstateSource.com
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