Stability in Market
Welcome to the Homes On The Sunshine Coast Blog
I turn and look out the office front door behind me and all I see is white! It is November 21st and it is snowing and it's cold... It is a pretty sight though with the snow covered trees and the blue of the ocean behind. Snowy winter days don't generally last long here but it's nice for the short while.
There is news in from the CMHC regarding housing starts for 2011 and predictions about housing prices. The following are some excerpts from the article:
.....While the economic climate will still foster growth, it will be less than it has been- although that is not all bad news. Says Bob Dugan, Chief Economist for CMHC, “High employment levels and low mortgage rates will continue to support demand for new homes in 2011...
....Ushering in a yin and yang of demand to supply, it is expected that the result will be only a moderate MLS® price increase, indicating a comfortable balance in the market.
This return to stability is expected, for the most part, nationwide, with balance and moderate price increases in various provinces, including Ontario, British Colombia and Manitoba, helped along by low interest rates and to employment levels slowly returning to normal.
"While Ontario home sales and prices have moderated since early this year, Ontario housing activity is now more in line with economic conditions. This ensures more stability in housing markets in the months ahead," said Ted Tsiakopoulos, CMHC's Ontario Regional Economist.
"This transition in housing activity has been orderly thanks to improving job markets and historically low interest rates."....
Whether you are thinking of buying or selling, this is a great time to be in the market. With interest rates still holding at record lows and prices being reasonable there is a lot of activity in the market. When you drive the Sunshine Coast you will notice SOLD signs in most communities. If your goal is to buy or sell, don't wait too long as the buyers are here.
We are happy to sit with you and help you to put a plan together to reach your Real Estate goals. Call us for an appointment.
Barbie and Shay
Barbie 604 741.1239
Shay 604 989.9888
Reaching YOUR Goal is OUR Mission