One of the best quotes I've seen this year: "... artificially low interest rates are the crack cocaine driving the real estate market." (Garth Turner).
The Real Estate "Spring" Market came late this year but it did arrive and sales are on pace to match last year.
The "Spring" Market for 2010 is facing a One Two Punch - a probable rise in the Bank of Canada Borrowing Rate in April and, the introduction of the Harmonized Sales Tax in July. These two factors will dramatically lessen affordability which seems likely to drive down both prices and sales.
This means that the next 6 to 9 months may be both the best time to buy and the best time to sell.
For many buyers it's all about affordability and it hasn't been this good in a long, long time.
For sellers looking to capture the capital value of their homes (downsizers, whether by choice or circumstance) this is likely about as good as it's going to get ... prices have risen for 13 years in a row. And you can make a case that the peak in 2009 may be very much like the peak in 1989 when prices fell for the next 7 years and didn't return to 1989 levels for almost 13 years.
I work with a number of realtors in helping their downsizing clients achieve their goals with respect to retirement income and I'd like to share some of what I've learned.
I am pleased to invite you to attend my upcoming seminar - Downsizing: The Next Wave in Real Estate
In this seminar I will review the latest stats on sales levels and pricing for the GTA Real Estate market and discuss where I think the market is heading next year
I will also present several case studies to illustrate how downsizers may best achieve their financial goals by acting now. For example, at age 55 Carol downsized and 10 years later she had grown her initial $200,000 to more than $315,000 but, even more important, she had secured lifetime income of more than $22,000 per year ... with income tax at a rate of less than 5%.
With more people than ever looking to downsize it’s never been more important for realtors to be able to offer them options which may help them optimize their income needs. The benefits are numerous: clients achieve their goals; clients feel more comfortable in setting a realistic market price; clients tell their friends and family how well their downsizing move worked for them.
Isn't it worth 90 minutes of your time to learn about an option which may help you become one of the realtors of choice for the fastest growing market segment?
10:00am Friday September 11th
Homewood Suites by Hilton, Oakville
RSVP to David Pylyp at 647 218 2414 or email firstname.lastname@example.org
I look forward to meeting you.
Warren J. Huntley
Retirement Income Specialist
Braley Winton Financial Group
Toll Free: 877.372.9022