Heading through the early days of summer with school out, a new wave of buyers will surface who want to be in and settled by the time school goes back in come September. Although the activity is always a little lower than Spring and Fall, there are multiple homes being sold almost daily. As well, sellers will keep pace in putting their homes on the market which creates a fairly well balanced market. The average price of a home in Metro will hang around the $230,000 mark and interest rates will remain steady at least until fall. Over all there is a good selection of great homes in most price ranges topped up with a good variety of new detached homes and condos.

Interest rates continue to hold making the decision to buy as opposed to rent, a no brainer. These lower interest rates have opened many windows of opportunity for first time buyers and those wanting to move up. We expect this trend to continue on through the summer. Shop around to see what lending institutions have to offer. Since they are so competitive these days, they offer good incentives to deal with them. If you are selling, my "Tips For Sellers" page is a check list of things that can be done to ensure your property has every opportunity to encourage buyers to consider buying your home.

I am a professional REALTOR® who follows the market on a daily basis. I'm aware of changes as they occur. With our
huge data base and watching out for what is coming at us, I am able to help buyers and sellers make the right
decision at the right price. Call me today!

Traffic continually increases to our public website at www.realtor.ca by potential buyers. Our Multiple Listing Service® (MLS®) continues to be the way sellers market their properties. Exclusive listings and For Sale by Owners will remain in the
low, single digit percent of the available listings as sellers want their properties exposed to as many buyers as possible.
By using our MLS® Service, properties are exposed to all REALTORS® in the market place who may have a buyer for their property as opposed to the other methods of marketing which restricts and limits exposure to potential buyers.

Property values leveled off mid-year with the average selling price just under $225,000. As the year went on and
properties stayed on the market longer, sellers were forced to reduce their prices slightly to attract buyers who were
in a better negotiating position. From there the market became more stable and we are looking forward to a solid 2010 where the average price should reach the $225,000 to $235,000 range. Exclusive listings and For Sale By Owners continued to drop as sellers relied heavily on our Multiple Listing Service® (MLS®) to get the job done.