good news/bad news of toronto real estate market

With September nearing a close, here's the good news and bad news if you're a Buyer;

Good news:

Interest rates remain at historic lows and don't look poised to move up soon based on many recent economic indicators

More supply is hitting the market in most areas

Prices have slowed in growth from what we got used to seeing a year ago

Low inflation will keep rates low for a while yet




Bad news:

Multiple offers are creeping up in some areas

Days on market is lowering again. Though some stuff is sitting...if priced well, a lot of listings are selling quickly. Some before even hitting mls.ca and many before the open house

Prices are not really moving down. In many areas they're moving upwards. Often a result of a lack of supply.

Still a good time to begin your shopping and always a good time to get educated.

Always happy to speak further,

Michael---

http://www.TheSmithsBuyAHouse.com
http://www.PropertiesintheGTA.ca