Market Watch Update Feb 05, 09
GTA REALTORS® Report 2,670 Resale Housing Transactions in January
February 5, 2009 -- According to TREB president Maureen O'Neill, there are opportunities at any point in the housing market cycle.
“Moderated housing prices combined with low interest rates could present excellent long-term investment and homeownership opportunities in the GTA housing market,” noted TREB President Maureen O’Neill. ”REALTORS® can help potential home buyers and investors identify value in today’s market.”
Greater Toronto REALTORS® reported 2,670 sales in January compared to 5,075 in the first month of 2008
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How do you spin a 50 % reduction in sales? Thats a Buyer's Strike.