Burlington, Ontario: Although I reported last month that Burlington was holding steady in most categories, it seems the region is finally showing a downward turn and with increased inventory and decreasing prices, the market has shifted in favour of the buyer. Average prices were $368,268 in October 2007 to $322,088 in October 2008 representing a 12.5% fall from this time …
Oakville Real Estate Market Report – October 2008
Oakville, Ontario: If you were ever looking for the right time to buy in Oakville, don’t wait any longer as now is the time. With decreased prices and a large inventory of properties, this market has turned into a buyers dream! Average housing prices in Oakville have dropped from $541,683 in October 2007 to $461,882 in October 2008 representing a …
Open House – Saturday, November 8 from 2:00pm – 4:00pm
Come visit us at 2240 Greening Lane on Saturday, November 8th between 2:00pm and 4:00pm to view this Bronte Woods beauty! 3 bedroom, 3 bathroom freehold townhouse located near Appleby Line and Upper Middle Road. Ensuite bathroom, single car garage, main floor laundry and eat-in kitchen. Get there early as the recent price drop will have it sold quickly! For …
Canada’s housing market stabilizes in third quarter
The number of properties listed in some of Canada’s major markets was down this quarter. This shift can be interpreted as a shift towards a more balanced sales-to-new-listings ratio. To achieve what would be considered a “balanced market”, we look for the number of sales to equate to the number of houses put on the market for sale. Calgary, Edmonton, …
Canada rated as the world’s soundest banking system.
For those of us concerned about how the much publicized American financial meltdown will permeate north of the border, we should all take some relief in knowing that a World Economic Forum Report on global competitiveness has rated Canada’s banking system as the soundest system in the world. These statistics were released to quell the panic due to the global …
Burlington Real Estate Market Report – September 2008
Burlington, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Burlington still seems to be holding strong. Burlington is still experiencing an increase in average housing prices for the month of September from last year to this year. Average prices were $329,416 in September 2007 to $370,479 in September 2008 …
Oakville Real Estate Market Report September 2008
Oakville, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Oakville seems to be showing some resistance. Oakville is still experiencing an increase in average housing prices for the month of September from last year to this year. $466,802 in September 2007 to $479,853 in September 2008 representing a 2.8% …
PM says we’re OK.
Recent popular belief is that Canada will fall into the disastrous economic situation that has crippled the U.S. economy. As our economy is affected by what happens south of the boarder, it is important to understand that we have been able to maintain a solvent banking system (where the U.S. has failed) and our government has implemented measures to prevent …
New Changes to Mortgage Lending
As of October 15, 2008, people interested in buying homes or refinancing mortgages should be aware of some significant changes that will affect HOW MUCH you can borrow and HOW LONG can you borrow it for. To avoid the sub-prime lending meltdown that occurred in the U.S. and to maintain a strong Canadian housing market, CMHC (Canadian Housing and Mortgage …
11th Annual Burlington Regional Home Show
If you are looking to increase the value of your home but just don’t know what you can do, head to the Home Show. You can ask experts about improvements, discover the lastest innovations and save money when you make purchases at the show! Save on everything from window coverings to vacuums, from heating and air conditioning units to home …