So I know that the media is inundating you with news about the market, or lack there of, but I need to put in my two cents worth.
In the Durham Region there were 694 sales in March, 2009. This is down from the 824 sales in March of 2008, but still up respectably from the 507 houses sold in February, 2009. Prices for the month stayed on par with February, 2009, at an average of $263,970. This average is down 4.3% over March, 2008.
Buyers are definitely taking advantage of the increased affordability the current market has to offer. And with the HST set to come into effect on July 1, 2010, buyers are smart to take advantage now. Of course, the interest rates on mortgages is definitely a bonus too. I just saw an update for a 5 year, fixed plan for 3.95%!
So the sun is shining today and it looks like we are seeing some shining stars in the real estate market too!
Tags: harmonization tax, ontario, oshawa real estate, whitby real estate