Where is the housing marketing heading? Is it a good time to be buying?

In the Durham Region we are heading into the spring Market where the number of homes for sale will catch up to the number of buyers currently looking. Whether or not it is a good time for you to buy depends on alot of your personal circumstances. When the right home for you comes up that will be the best time to buy......
You do need to take into consideration if you are selling a home aswell, and the timming of that sale.

Doesn’t it make more sense to base your decisions on your needs, your opportunities, your financial capabilities, etc?
If you need or want to buy a house "BUY IT" but only if you can afford it at the interest that prevails when you need or want to buy it. Affordability is the real question to be addressed.

Hello,

Typically spring time is the busiest time in the real estate market and the summer and Christmas time being the slowest.
The real estate market can usually be defined as either a ‘seller’s or ‘buyer’s market. A market where there are more homes for sale then buyers becomes a buyers’ market.

According to the Toronto Real Estate Board (TREB), the market is steadily increasing. The GTA Realtors® monthly report announced the following: Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010

If interested, we offer Free Home Evaluations for your current home if you wish to sell, or any home you want to buy.

Best of Luck,
Martin & Beata Team

It's a good time to buy but don't expect a quick flip for profit gain. If you have a decent down payment and are buying a long term principle residence you won't be affected by the short term fluctuations in the market.

We are entering the spring with a "well balanced" market. The much anticipated Buying hype brought on by the March 18 implementation of new mortgage rules failed to deliver. It was expected that Buyers (especially first-time buyers) would rush to purchase and demand would hit an all-time high but it didn't. We had an average February according to TREB, quite different from the typical "Bidding Wars" we've seen in previous years. Therefore, I think that as a Buyer currently on the market for a home you've got 2 things in your favor; a balance market where you can shop without the added pressures of a "Hot Market" and historically low interest rates....as we know timing is everything in Real Estate, and as supply and demand shift so will the market!
Is it the right time for you? I am always here to discuss your options and answer your questions.

Great Spring market. Best of the crop is out there and if you see something you like, chances are everybody else thinks the same way.

Like any other stock buying activity, you must ask yourself what you are buying this share of Housing Stock for?

Are you buying to live in it as a family home? Then who cares. It's like buying a new car. You paid too much but you love it.

But if you are buying your share of housing stock as a financial instrument, for retirement or capital gain, then it is an entirely different beast. Then you always buy low or in the winter and sell high or in the Spring. You watch your cost of sales or commissions and deal only with flat fee on line listing services who also offer you a cash back reward for buying on line, a mortgage broker who will structure a flexible mortgage allowing you to bale out without incurring huge penalties and when you sell or "FLIP" your property you offer a slightly higher than normal commission to BUY SIDE or buyer's agents so as to move your property faster and of course stay with the on line flat fee listing agent to increase your ROI or Return on Investment and preserve your right to sell privately.
That's it. Easy.

In the G.T.A. the housing market is strong and will stay strong as far we have affordable financial options and continuous demand for housing. If you thinking of buying your first home do it now, step in to the arena of owning a real estate within your means and you will have something to trade up or down in the future, no matter what the market will be. If you are an investor than you should consider off season purchase, around winter.

Should you need further assistance please do not hesitate to contact me.