No one really knows what the market will do, but traditionally, the fall and winter seasons have resulted in a slow-down in the market as families buckle down for the school year and weather patterns make buyer tours less pleasant. Because there are fewer buyers, many sellers decide to pull their properties off the market, which results in less supply to offset the drop in demand.
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New home sales have slowed in recent months thanks to the HST, according to reports. With no transition rules, it is uncertain what the PST will or will not apply to when it is reinstated in 2013. However, McAllister had advice for prospective homeowners in their 20s who are questioning whether they should wait for prices to come down. Don’t wait, he said; borrow from mom and dad.
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Leaky condos aren't the only challenge buyers face. Another issue that affects all condominium developments is maintenance. Verify amount of contingency fund and money for emergencies. Read Full Article for great tips on what to check before buying a condo: Before Buying a Condo, Check Condo Maintenance Records
Sales of existing homes in Canada picked up in September after three months of stable activity, led by strong sales in Toronto, the Canadian Real Estate Association (CREA) said on Monday.
Read Full Article: Canadian Existing Home Sales Up 2.7 Per Cent in September
Air Plants are a great option if you're looking to keep the outdoors alive in your home this winter without expending much effort. They look great, don't require a pot, don't outgrow their allotted space and are very easy to maintain. All they need is sunlight, an occasional misting of water and an object on which to anchor.
Read More About It: Air Plants Hardly Science Fiction
BC home sales climbed nearly 9 per cent in September year-over-year and the average price rose 6 per cent to $524,000.
Read Full Article: Holy Moly! BC Home Sales Jump Almost 9 Per Cent Compared to September 2010
Current investors know nothing but a rising market and they are banking on it because the cost of carrying a condominium investment has risen dramatically. You can still get into the market with as a little as 5% down and borrow at rates below 3% because the government of Canada is backing your debt.
Read Full Article: Investors Keep Running to the Arms of Housing
While prices were up across much of Canada as 16 of the 21 metropolitan areas surveyed experienced an increase, pulling the index up by 0.1 per cent overall in August, the selling price of new residential homes has dropped in Metro Vancouver by 0.3 per cent.
Read Full Article Here: Selling Price of New Homes Drops in Metro Vancouver in August: Stats Can