Barrie Real Estate Reports Barrie Real Estate - May 2010 Low Interest Rates Continue ... For Now In the Canadian Real Estate Association’s (CREA) 2010 forecast for home sales via the MLS®, there is an indication of how the market might be affected by changes to interest and tax rates. The good news is that CREA forecasts national activity will reach 527,300 units in 2010, a rise of 13.3 percent from 2009. Continued low interest rates are boosting housing demand in nearly all provinces during the fi rst half of this Gregory Klump, CREA’s Chief Economist, adds, “Fiscal restraint, a strong Canadian dollar and a subdued infl ation outlook point to marginal interest rate increases over the next couple of years, especially if the US economic If you’re considering a move, you’ll want the latest information on local housing prices, fi nancing information and new regulations that may have been implemented since you last bought or sold real estate. Please call for the Barrie & Area Realty Report To read more please click here Barrie Real Estate Report May 2010. Take the first step to a successful sale by calling for more information today. Echelon Realty Inc.,Brokerage If you're thinking about making a move or just interested in Barrie Real Estate trends please feel free to call at any time. It's always good to hear from you! All the best Click below to read more or sign-up to receive our free newsletter! Barrie Real Estate Report April 2010 Barrie Real Estate February 2010 Barrie Real Estate Report January 2010 Barrie Real Estate November 2009 Barrie Real Estate Report October 2009 Barrie Real Estate Report August 2009 Barrie Real Estate Report July 2009 Barrie Real Estate Report June 2009 It's actually ironic that, in this unsure economic market, affordability conditions have improved so dramatically. In Fact, the buying power of a typical family has improved significantly: with the drop in interest rates, a median-income family can afford a home costing thousands of dollars more than just a year ago, for the same monthly payment. Building permits have fallen significantly and housing starts have come down over the past few months, helping to control the inventory of new buildings on the market. The Canadian resale market is undergoing completely different experiences, depending on which province you are in, the city and neighborhood in which you're located, and the type of home you have. Some areas, which had experienced a fast and steep increase in property values over the past few years, were due for a correction, while others that didn't experience as erratic activity may not be as affected. Current interest rates are working to the advantage of potential mortgage seekers and the real estate economy in general, as a steady decrease in borrowing costs will also help to inhibit the economic fall experienced during the recession of the early 1990s when mortgage rates were in excess of 10 percent, accentuating the decline in new construction and resales. People will always need to move, and their reasons are varied as the people themselves. It's a good time to take stock in your own situation, and think about your own moving plans. If you're curious as to what your house is worth, what the prices of other homes in your neighborhood are selling for, and if now is the best time for you to think about moving. I encourage you to call me today! Barrie Real Estate : Barrie Homes : Barrie Homes For Sale : Echelon Realty |
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