Real Estate Slowdown? Where?

So all I have heard from the media lately is …. Housing market is going to flatline (National Post),  Housing market shows signs of cooling (CTV),  Housing market slows, Numbers are down, etc.  You are starting to get my drift !!

Don't know what to do?

Real Estate is healthy.

Well, I eat, breathe, sleep real estate and all I can say is: WHERE???  This sure isn’t happening in Durham Region or in the east end of GTA.   I can only speak of what I see and what I know.  I heard the President of CREA last week speaking at a Leadership Conference I was in and she used a line that stuck in my head. “Is this what you THINK or is this what you KNOW?”   And it is very true.

People run around saying all kinds of negative things and yet all the buyers I have that find the house they like, usually end up in multiple offers.  It is happening everyday.  SO?  I ask you – where is all this negativity coming from ???

Interest rates are at an all time low !  I remember in 1989 my mortgage was 18%…so let’s stop with all this “end of the real estate market” as we know it.  House prices are still 2-5% higher than last year and if the home is presented properly, it SELLS in a minimum amount of time.

Don’t feed the negative frenzy.  Agents are looking for listings because we have buyers and not enough good inventory out there.  If you want to sell you home quickly, do your homework.  Clean, fresh, less clutter, a good agent and comparable market price and you won’t have a problem.

So if you are thinking on buying or selling your home, don’t listen to all this nonsense.  It seems whenever the media has a slow day, they pick on real estate.  LOL  🙂

Real estate STILL IS and ALWAYS WILL BE your best investment.  Ask your parents, or think about 20 years ago if you knew then what you know now !!    The rate of  return is second to none !!  Ok, my rant is over !!

On that note, if you are thinking of buying or selling an want a candid honest opinion, I would be happy to come by and meet you and discuss it.

Have a super day !  Cheers xo

Less demand is better than a BUST !

“Less demand, lower prices, modestly, in the housing market are much better for Canadians than a boom followed by a bust” says Canada’s finance minister on the country’s cooling housing market.

Canada’s finance minister is taking credit for the recent cooling in the hot housing market, saying a slowdown now is better than a crash later.

Full story :http://business.financialpost.com/2012/12/03/cooling-housing-market-shows-stricter-mortgage-rules-working-flaherty/

Stricter mortgage rules have softened the market but it also makes it a healthier market for sellers to list their homes in.   Less deals falling through because pre-approvals are being done prior to even working with a Realtor to make sure they can afford what they are looking.   This is great market to buy as well due to the low interest rates.  Think about it, why pay someone elses mortgage… get a downpayment together and get in the market as soon as you can.  Real estate is the best investment of your life.   Let me show you how.