As your Brantford Real Estate Agent, I strongly feel that part of my responsibility is to closely monitor national housing statistics. In order for me to advise my clients on the best course of action for their upcoming real estate transactions, I really need to be in-the-loop about the current market and use the existing trends to give the best advice possible. I feel a responsibility toward my clients to be 100% honest with them about what’s happening in Brantford Real Estate, so if a home buyer or home seller comes to me asking if now is the best time for them to enter a new transaction, I always use the existing statistics to explain my answers. This approach to consulting my clients is another way in which I have become a trusted Brantford Real Estate resource.
Below is a summary of some of the latest housing statistics for Canadian Real Estate:
• The existing statistics for the start of 2012 show a strong start to the year nationally.
• For the 11 metropolitan cities that are included in Teranet-National Bank Composite House Price index, home prices were up 0.1% in January as compared to December and up 6% from 2011.
• The largest January home price gains were seen in metropolitan areas where buyers have been especially active lately—i.e. Toronto and Halifax.
Given what we know about the latest housing statistics, here are a few conclusions that we can safely draw from these national numbers:
• Modest price gains can give sellers hope. While the Brantford Real Estate market is still more beneficial for buyers, a steady rise in home prices over the past year has made sellers more confident about listing their home on the market. Now would actually be a good time to do so, while prices are still on the rise but affordable for buyers. You would see offers come in at higher values faster.
• Home buyers should still enter the market. Although there are price gains happening in Brantford Real Estate, mortgage rates and home values are still incredibly affordable for buyers. Many buyers have been feeling a sense of urgency about entering the market because prices are still low and affordable, but they’re also starting to go up. In order to take advantage of the market conditions, home buyers would be wise to enter the market now before prices start entering an unaffordable range.
We’re in a phase of Brantford Real Estate where conditions are decent for sellers and buyers, so it would be a great time to consider entering the market this spring. As your Brantford Real Estate Agent, I feel a responsibility to my clients and community to give them my honest assessment of market trends, and this spring, I’m happy to report that both sellers and buyers have reason to be optimistic.
If you have any questions about entering a Brantford Real Estate transaction, don’t hesitate to contact me! I’d be happy to help in any way that I can. I hope to hear from you soon.
Wally Dufrat | Sales Representative
RE/MAX Twin City Realty, Inc. Brokerage
Over 518 Real Estate Closings!
515 Park Road North | Brantford, ON N3R 7K8 Direct: (519) 752-5400 & (877) 759-5900 | Cell: (519) 761-7400 | Fax: 519-752-3400
Before You Buy or Sell Your Next Home, Visit My Websites at:
www.BrantofordHomeInfo.com or www.FreeBrantfordHomeInfo.com for FREE Information!
RE/MAX Twin City Realty, Inc. Brokerage
Over 518 Real Estate Closings!
515 Park Road North | Brantford, ON N3R 7K8 Direct: (519) 752-5400 & (877) 759-5900 | Cell: (519) 761-7400 | Fax: 519-752-3400
Before You Buy or Sell Your Next Home, Visit My Websites at:
www.BrantofordHomeInfo.com or www.FreeBrantfordHomeInfo.com for FREE Information!
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