Wednesday, February 24, 2010

Low inventory levels

Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX

Active listings down in 81 per cent of markets in January

Mississauga, ON (February 24, 2010) - Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. The threat of higher interest rates, tighter lending criteria, and in British Columbia and Ontario, the introduction of the new Harmonized Sales Tax (HST) have clearly served to kick-start real estate activity from coast-to-coast, prompting an unprecedented influx of purchasers. As a result, 87.5 per cent of markets posted an increase in sales in January. Average price appreciated in 81 per cent of markets surveyed.


"There have never been so many motivating factors in play at once," says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. "We're in for a heated Spring market that will, in all probability, spill over into the summer months, as the window of opportunity draws to a close. The supply of homes listed for sale has been drastically reduced, housing values are once again on the upswing, and banks and governments are moving in unison toward stricter lending policies."










6 comments:

Anonymous said...

Hi everybody!

For sure you didn’t here about me yet,
my name is James F. Collins.
Generally I’m a social gmabler. for a long time I’m keen on online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to read my notes.
Please visit my blog. http://allbestcasino.com I’ll be glad would you find time to leave your opinion.

Anonymous said...

Good day!

Sure, you’ve heard about me, because my fame is running in front of me,
my name is Nikolas.
Generally I’m a venturesome gambler. for a long time I’m keen on online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to read my notes.
Please visit my diary. http://allbestcasino.com I’ll be glad would you find time to leave your comments.

Anonymous said...

It isn't hard at all to start making money online in the underground world of [URL=http://www.www.blackhatmoneymaker.com]google blackhat[/URL], It's not a big surprise if you have no clue about blackhat marketing. Blackhat marketing uses not-so-popular or little-understood methods to produce an income online.

Anonymous said...

Free information about penis enlargement products, how it works, price of products, top products, and review of penis products. Visit http://www.buypenisenlargement.com .

Anonymous said...

vimax pills - good blog friends! Post your article which is also useful for readers and to share information or experiences you have. I will visit your blog again. penis enlargement pills - http://www.male-sexual.com

Anonymous said...

They are becoming the enhancement option of choice for many men for several reasons. vimax pills is the best penis enlargement pills on the market today.more info visit http://www.male-sexual.com/vimax-pills.html
- http://www.pillspenisproducts.com