MARCH 2010 Burlington Sales Statistics for February 2010 Number of Sales and Pending Sales= 313 Average Sale Price = $381,837 These statistics are based on Burlington sales only and do not include any exclusive or private transactions. Statistics are providedby the Realtors Association of Hamilton and Burlington. Prudential By The Lake Realty, Brokerage nor its representatives assume any responsibility for any errors. Bubble ? Or Investment Appreciation ? Seems not everyone likes good news. As positive headlines of the recovery continue, there are " bubble theorists " who pointto the "huge" year-over-year percentage increases as clouds on the housing market horizon. The cooling and then last year's recovery is today making for dramatic year-over-year comparisons. Because we are now past last year's lowest points, we will no longer see the dramatic percentage jumps. Come the summer when we see smaller percentage increases, it will not mean that things are worse, it will simply mean that growth is onceagain following expectations. The Federal Government has introduced 3 new lending rules that will affect high-ratio mortgages. That is where financing is 80% or more of the property's appraised value. These changes focus on maintaining healthy growth. To learn more abouot these new rules and regulations I invite you to call me. The first quarter of 2010 looks like it will be an active real estate market with low interest rates and optimistic economic predictions for the future. The Spring Market is here now ! If you are planning to make a move this year it is never to early to begin planning. Please conatct me with any feedback or questions you have regarding real estate. Important consumer web sites. www.realtor.ca See all the properties for sale in Canada www.fintrac.gc.ca Click on real estate www.reco.on.ca The Real Estate Council of Ontario |