The ER Team Voice

The Toronto Real Estate Board reported 2670 sales for January 2009, which is down from 5075 sales in January 2008. This change in the market is due to the uncertain economy and lack of confidence which translates into people who are looking for homes but reluctant to buy unless the property is priced aggressively less than comparable sales last year. Until the consumer confidence rebounds, the number of home sales will be more moderate in comparison to the average over the last ten years. All economic factors point to a recovery in 2010 which makes this year a great opportunity for those in the market to purchase a property. The large inventory of homes for sale gives buyers not only a negotiating advantage but also a variety choice which has not been possible for the last few years. The reality is that you can not live in your RRSP but by investing in Real Estate you can live in your investment and enjoy the growth of your investment without having the stress of an unstable Stock Market on your shoulders.

The ER Team always encourages our family, friends and clients to invest in Real Estate because it entails proven results for many years. If you, your family or friends thinking of buying or selling, we would be happy to assist you, your family or friends in any way we can in this important decision.