Are we at the top of the pricing? Is everything down from here?
The months stats say that the real estate market has slowed down and I wonder why?
August 3, 2012 -- Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year.
It’s the summer time! Hottest July on Record! Poor Press in the Media? Shortened Mortgage AMs while rates stagnate at 3%? Gas Prices? Insurance Rates? Commuting Times? Land Transfer Taxes 416 and 905? So many opinions! Do they matter? Will it drop? .... Doubtful.
Real Estate will not decline UNTIL there is a surplus in supply
[ Homes that No one is buying ]
Let’s ask a different question?
If your family member was getting married… Is it better to help them with the Wedding Expense? Or would you forgo the wedding, Suggest they elope, and help them purchase an appreciating asset.
Join the Poll
We continue [The GTA] to be a safe haven for money, security, jobs, education and lifestyle. When people stop coming to Toronto, I will begin to be concerned. The rest is just selling newspapers
How can I help your family achieve their goals this year?