Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Be Careful When Comparing Sales Figures
 
One should be careful when comparing sales figures when it comes to real estate sales. Reason I am writing about this is because I myself have been caught listening to all the news sources about Toronto’s housing market. Over the last approximately six months people have been very worried about the sudden drop in property sales as well as prices falling, mainly due to changes to the rules of obtaining a mortgage. However, after reading this article I quickly realized that we sometimes get caught up with what TV, radio stations and newspapers are saying, because as we all know, negatives news sells!
In saying this, the article was quick to point out that if you actually look at the average property sales since the year 2000, especially condos, and compare them to last month’s sales for October, October condo and home sales were actually higher than the long term average! Most people are not aware of this because 99% of the news stories regarding the Toronto housing market use comparisons from the year 2011. Yet, we forget that 2011 was a record year for home sales.
Therefore, the public shouldn’t be so worried about the Toronto housing ... more

__________________________________________________
Are you on The Rain? Grow Your Network!