Flying Off the Shelf

This posting was from my broker, Ken McLachlan the other day.  Thought it appropriate to what is happening in our marketplace in July.

Another beautiful morning here in our City and our real estate market is still humming along well into July. Many would of predicted for our market to have adjusted to a slower summer market by now, but by all accounts, nothing could be further from the truth.

As they say in retail, product is just flying off the shelf.

Here is a list of possible reasons for the strong activity, in no particular order of relevance:

• low low interest rates
• abundance of mortgage money available
• not many quality homes on the market at one time
• still a pent up demand from the late fall and early winter slowdown
• renewed confidence in our national and global financial systems
• realtors are working long hours with a sense of confidence in our economy
• Toronto is a fantastic city to live in and raise a family in, people are moving here
• in spite of what many predictors have said, the sky didn't fall and won't fall
• real estate is the investment of choice over everything else

Summer in the city, no better place.

 

Ken McLachlan

Broker/Owner

RE/MAX Hallmark Realty Ltd.

 

 

Cheryl Bower

www.CherylBower.com

RE/MAX Hallmark Realty Ltd.

Another beautiful morning here in our City and our real estate market is still humming along well into July. Many would of predicted for our market to have adjusted to a slower summer market by now, but by all accounts, nothing could be further from the truth.

As they say in retail, product is just flying off the shelf.

Here is a list of possible reasons for the strong activity, in no particular order of relevance:

• low low interest rates
• abundance of mortgage money available
• not many quality homes on the market at one time
• still a pent up demand from the late fall and early winter slowdown
• renewed confidence in our national and global financial systems
• realtors are working long hours with a sense of confidence in our economy
• Toronto is a fantastic city to live in and raise a family in, people are moving here
• in spite of what many predictors have said, the sky didn't fall and won't fall
• real estate is the investment of choice over everything else

Summer in the city, no better place.

 

Ken McLachlan

Broker/Owner

RE/MAX Hallmark Realty Ltd.

 

 

Cheryl Bower

www.CherylBower.com

RE/MAX Hallmark Realty Ltd.

Comments

[arizona home insurance]

Yeah, as long as governments don't mess it up with taxes or regulation real estate will continue to be the investment of choice. It's better to own where you live than rent.