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14 Real Estate Weekend Digest, Friday, September 7, 2007 Call EFFIE DIMOU For all your Real Estate Needs! If you are thinking of Moving, Call EFFIE DIMOU at at 905-840-8400 PERFORMANCE REALTY INC. BROKERAGE THE INCREDIBLE HOUSING MARKET KEEPS CHUGGING ON According to the Canadian Real Estate Association (CREA) the residential average price is forecast to set new records over the next two years in all provinces. New listings are forecast to rise further in all provinces except Alberta where a retreat is expected from the frantic activity there. "Home buying sentiment remains upbeat in all regions and mortgage financing is still within reach for many potential home buyers", said CREA Chief Economist, Gregory Klump. "Strong employment numbers will keep sales activity strong." "Consumers continue to have strong confidence in Canada's resale housing market, and activity is on track to set a new annual record in 2007," said Ann Bosley, President of the Canadian Real Estate Association. Bosley notes that the Canadian market has shrugged off the subprime problems that have been affecting the housing market in the United States. The Bank of Canada has announced that it is holding its key interest rate at 4.5% and news from the United States indicates that there might be a cut in U.S. interest rates in the near future. This bodes well for housing affordability in Canada. On the local scene, here are the recent results. There were 173 homes listed in August this year compared with 216 for August in 2006 ­ a decrease of about 20 per cent. Actual sales for August 2007 were REAL ESTATE CORNER Lynn and John Drewry EFFIE DIMOU Sales Representative PEEWEE AA - FUNDRAISER GARAGE SALE DATE: SAT., SEPT. 8, 2007 TIME: 8:00 A.M.-12:00 P.M. PLACE: 90 NORTH RIDGE CRES. The PEEWEE AA team will have lots of items for sale to help raise money for their California Hockey Tournament this November. Come out and support our team. Items for sale include: hockey equipment, furniture, books, video games, household items, bikes, toys, slides, picture frames, art, etc.... This little piggy went "SAVE, SAVE, SAVE" 5% -.9 VARIABLE PRIME all the way home. 5yr Fixed 7yr Fixed 10yr Fixed 5.74%* 5.90%* 6.05%* * Rates subject to change at any time without notice. ** O.A.C. Call the "i dream team" for great rates, fast friendly service & stress free mortgages. John, Kim & Delfina John Cavan, AMP 14 Martin St., Milton, ON Mortgage Planner 878-7213 Head Office: 6505 Mississauga Rd., Mississauga, ON 82 compared with 65 last year - an increase of 26% and year to August sales were 709 versus 670 in 2006. So sales were stronger even with fewer listings. The average price year to July increased to $353,790 from $332,947 a year ago. This increase of about 6% shows a continuing strong market in Halton Hills especially compared with the slight decline in prices reported over all districts. Our local resale residential real estate market is quite stable. Sales are holding well even in the face of moderate price increases. We encourage you to send us your questions and ideas for future articles at john@lynnandjohn.ca or 905 8730440. Lynn and John are with Re/Max Realty Specialists Inc., Brokerage, one of the largest Re/Max franchises in Canada with 5 offices and over 480 sales representatives. Lynn and John work and live in Georgetown and have enjoyed a successful business in real estate during the last 12 years. John is a Broker and Chartered Accountant (FCA). (905) Sideroa ds ty of sm magazine focu se al features l town and cou s on the beaunt st County ories on North ry living. It 's i H our com nteresting hist alton ory, peo m pl activitie unity, local ev ents, ou e in s, plus m tdoor quality uch mo re. This magazi ne hi matter t he mos targets the peo ght, our fa ple who bors. mily an d neigh Publish ed seas onally Spring, Summe r, Autum n and W inter S I D E R O A D S of H alto n Hi lls Take a Tr ip Along the For advertising or story submission information call 905.873.0301 280 Guelph Street, Georgetown Ontario NEXT EDITION COMING SEPTEMBER 26, 2007