Real Estate Sales Broke an All Time Record for the First Quarter of 2010
The results are in, the first 3 months of 2010 have produced the most house and condominium sales on record for the Toronto Real Estate board. What's even more encouraging is the rise in home prices this year as opposed to the drop experienced last year. The Median price of a home in March 2010 was $370,000, compared with $317,500 in March of 2009- That's close to a 16% increase!
Mississauga Real Estate Market Outlook for the near future.
Both Real Estate and Financial experts predict that home pricesin Mississauga, Toronto and the rest of the GTA will continue to grow this year, although the pace at which they will grow will slow down dramatically and this is due to more people putting their houses and condominiums up for sale and the rising interest rates.
If you are a home seller, now is a great time to take advantage of this hot real estate market and sell your home for the most money. If you are thinking of buying a house or condominium, now is a great time also because with rising interest rates the cost of owning a home will continue to rise even if the rate that home prices are rising slows down.
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