Wednesday October the 17th, 2018 

Toronto EastHomes.ca

Susan Bach

Sales Representative

Office: 416 281-0027   |   Cell: 416 409-2748   |   Fax: 416 281-0034   |   subach@trebnet.com

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Re/Max West Inc., Brokerage Independently Owned and Operated

Homes for sale in Scarborough, Pickering & Ajax   

 

Map search real estate listings:    Scarborough  Pickering  Ajax  


Buyer's Market

October 21, 2008

 

 

I am sure that all of you have been reading about the real estate slide we are in right now. There is no question that prices are down from this time last year.  Depending on where you live they have dropped from 8% to 15% since a year ago. Given the large number of houses for sale on the market right now.we are very much in a buyers market.  However, this combined with low interest rates (you can still get a 1 year mortgage for under  5%) is very good news if you are in the market to buy either a starter home or are considering moving up.  Yes you may still have to sell your own home but  if you are moving into a larger more expensive home the drop in price that home will have taken is larger than the drop in price your home has taken. 

 For sellers, the time to trade-up has never been better.

 

History has proven time and time again that real estate is a solid, long-term investment that appreciates at a rate of about five per cent annually.


Tagged with: buying a home moving up buyers market
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