Oakville Beaver, 21 Sep 1994, p. 57

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Canad More homes in the midâ€" to lower price ranges are coming on the market, relieving a short supply that triggered price increases in many larger urban centres. While activity in the Greater Toronto Area is down somewhat, many Re/Max offices report continued strong sales, despite higher interest rates and political uncertainty over Quebec. M across Ontario and Atlantic Canada has cooled as demand returned to more traditional levels this summer. T he buying frenzy that dominated _ early spring real estate markets Record spring, cooler summer markets * Sold in conjunction with the Oakville Miton and Distict Real Estate Board | ** Sold in conjunction with the Toronto Redl Estate Booard. . *** Sold in conjunction with the Burington Redl Estate Board The Windosr market remains active Commenting on the change in marâ€" ket conditions, Re/Max Ontarioâ€" Atlantic Canada chairman Frank Polzler said, "A return to more stable markets is welcome. Rapid price increases hurt most consumers, espeâ€" due to increased economic activity sparked by the opening of Ontario‘s first casino. Other cities in the province report steady sales this sumâ€" mer as a result of the improving econoâ€" my and a more positive consumer outâ€" look. Real estate sales in Atlantic Canada have slowed somewhat, but are expected to pick up again this fall. Re/Max Brokerâ€"Owners report more moveâ€"up buyers entering the market today, while first time buyers are slightly less active than they were durâ€" ing March and April. Moderate price increases are reported for the most active markets (Toronto) but generally, prices have remained steady and are not expected to rise before the end of the year. cially your families interested in buyâ€" ing their first home. With the recovery fully underway, the real estate market will become more active as the fall approaches."

Powered by / Alimenté par VITA Toolkit
Privacy Policy