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With Compliments of

Jim and Semone Duerr
Sales Representatives
Re/Max Hallmark, ltd., Brokerage
2237 Queen St E
Toronto, ON, M1E 1G1
T: 416 699 9292
D: cell: 416 566 6050
homes@GreatTorontoHomes.com
www.GreatTorontoHomes.com
Hi:
June and July record
sales were followed a strong August with high sales and firm
pricing. If this trend continues 2009 could be a record year for
sales. Generally, the mid-priced section of the market has taken off
the most as renters decide to become home owners. See our main
articles for more.
The
Bank of Canada repeated
its intention to keep our historically low interest rates at least
until mid 2010. The US housing market continues to firm up. The fall
market rush, mid-September through November, is off to a very busy
start.
Inventory is down
substantially and multiple offers are frequent. This will continue
to put upward pressure on GTA prices. We believe even more it's time
to start
looking for those bargains.
For those with an above average budget, this could be the best real
estate shopping in decades. Our
in-depth analysis
of the real estate market from Feb. is still worth reading; as is
our broker's advise from February to
"Buy Toronto Real Estate."
Semone and Jim
Duerr |