Returning multiple offers, low interest rates and strong first-time buyer activity are some of the positives.
There's lots of bad news and more job losses in store, but a recent real estate panel organized by Bank of Montreal in Toronto had positive things to say about the housing market in Toronto and elsewhere. Broker Brad Lamb, one of four experts, identifies December – the month his office phones stopped ringing – as the Toronto market bottom. As evidence, he points to the diminishing decline in Toronto Real Estate Board resale volume numbers: In November 2008, they were down 45 per cent from a year earlier; in December, down 55 per cent; January, 45 per cent; February, 31 per cent; and March, only 7 per cent. full story Ellen Moorhouse How can I help you today? _________________________________________________ b r i a n m a y e r real estate sales representative Royal LePage Your Community Realty Brokerage independently owned and operated 187 King St. East Toronto, ON. M5A 1J5 (416)-637-8000 Helping You is What We Do. A referral remains the highest compliment I can receive.
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