The TD Bank Financial Group says:
The Canadian resale housing market has held up to its ‘first in – first out’ (FIFO) billing in this recession. Its downturn and recovery were also as Vshaped as can be. Sales and average prices have more than recovered. As of October, each stood 5% higher than its prior peak in late 2007.
Viewing this sharp two-year cycle as a ‘blip’ is misleading. The 12% price adjustment seen in the downturn was partly warranted by fundamentals, which leaves the current market in a state of mild over-valuation similar to that of late 2007.
While current price levels are not worrisome, the current market momentum has the potential to lead to significant price overshoot.
2010 should mark a transition from tight to balanced markets. Current price growth will elicit a positive supply response, while demand will ease as a result of the ongoing erosion of home affordability. By 2011, housing and the overall economy will experience a role reversal. While the economy will strengthen, resale housing market conditions will weaken.
Posted: 2009-12-02 15:56:27
Want to sell condo Toronto? If yes then you are at the right place. At Canada, especially in Toronto your search for a perfect real estate broker to find out best Toronto Condo for Sale can’t end at a better place. I Marco Momeni, assures you best value for your condo and unmatched customer service at most competitive cost. I can even help you make your condo more attractive so that we can finish the whole transaction and selling procedure in least possible time. Selling a condominium in Toronto is a very herculean task. And if you want to try to sell condo Toronto all by yourself then the whole process will be nightmarish. So let me handle your Toronto condo for sale, I guarantee you best value at most affordable price. I even have the experience to take care of all the legal procedures such as preparation of agreement papers and various other necessary things which are required at the time of condo selling. We are committed to strike the best deal for your Toronto condo for sale by finding out the most suitable person or family who can pay you correct amount. I can achieve this by utilizing mine as well as your network of family, friends, neighbors, office colleague etc. I even strive hard enough to popularize your Toronto condo for sale by using internet, print and visual medium, and various other advanced advertising and marketing techniques. As I have years of experience selling, buying and renting properties in Canada and especially in Toronto, We know in great detail about the important factors that makes difference in sealing a deal. Using all these knowledge, I give my clients many inputs and advices about staging their property which makes them more attractive and gets them better return on that.