Translate

Monday, March 28, 2011

Real Estate Market Update for Toronto and Surrounding areas

The prices continue to grow and likely for the rest of the year.  In most areas it seems to be a seller's market, with a slim supply of properties.   The interest rates continue to be at an all time low.   All forecast now indicate that interest rates will continue with no upward movement at least till the fall, due to the current world issues.  The 35 year amortized mortgages have now been eliminated by most banks, it did cause a bit of a market jump, but now it seems that it is back to a regular pace. Most people will find that the 30 year mortgage does very little difference from the 35 year mortgage. It is great time to purchase or sell your properties, many opportunities exist. Call me for more details.

No comments: