MORE AFFORDABLE MARKET……
Better news in the Toronto Star on April 15th, 2009. Apparently the low mortgage rates and the decrease in house prices are enabling the first time home buyers to enter the market. This has been stated by some Canadian Real Estate experts.
Phil Soper, president and CEO of Brookfield Real Esttae Services has said that the affordability in many parts of the country is improving.
He continues to state that the housing market has shifted from a seller’s market to a buyer’s market which is good news for someone who is looking to buy their first home.
From a local Broker’s prespective, I can say that this is certianly showing in our market as well. The past 3 weeks, we have seen an increase in both listings and sales.
