Interest rates are low - supply is great right now - There are some great opportunities in the housing market.
The moderated housing prices along with today's low interest rates mean an excellent long term investment.
2,670 sales were reported in January 09, compared to 5,075 at the same time last year.
The average price in the GTA was $343,632 compared to $374,449 in 08.
The median price last year was $319,000, compared to $303,000 today.
Today's prices are a reflection of the economic slowdown and more choice in the marketplace.
Low mortgage rates are helping to keep home ownership affordable.
For a complete market watch report, visit www.torontorealestateboard.com or contact me directly.
Toronto Real Estate by Sylvie Conde, Broker
Sutton Group-Associates Realty Inc., Brokerage 416-966-0300
sconde@sutton.com
www.sylvieconde.com
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