What’s the Market Doing?


I get this question every week when I talk to people.  Everyone wants to know How’s the market? Is it stable? When is a good time to buy/sell?

In Canada we have been blessed with a very steady and stable market for the past 15-20 years with slight variations.  Our current market continues to be stable.

 Here’s a look at what happened this summer:



Sales activity was stable for July and August but posted another big year over year gain reflecting weakened demand in the summer of 2010.

For a second consecutive month, national home sales activity held steady in August 2011 when compared to July.

Toronto and Ottawa posted a monthly increase in activity while Calgary, Montreal and Vancouver saw a slight decline in activity.


YTD sales pulled ahead of 2010 levels for the first time this year, and remain in line with the ten-year average.


Stayed firmly fixed in balanced territory. There were more balanced local markets in August than at any other time on record.
 The national average price posted another year-over-year gain in August, but has moderated from elevated levels earlier this year.

Fewer expensive sales and a declining share of national activity in Vancouver and Toronto have lead to an upward tilting of the national average price.


If you are a homeowner, your home’s value has increased and if you are thinking of selling you may want to get a free home market to see what your home is worth today. 

Call me at 905-407-3274 to book your complimentary appointment.


With interest rates continuing to be low, it is a great time to talk to a Mortgage Professional.  I have information that can help you start the journey to homeownership.

Contact me to find out more.


Whether Selling or Buying in the Oakville Burlington area,

 I help you with all your Real Estate needs.”

Source:  According to statistics1 released today by The Canadian Real Estate Association (CREA),

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