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Blog by Chris Newell
Milton

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Canadian Expert Says We've Hit Bottom!

Mar. 29, 2009
Categorized in: The Real Estate Market

This report from one of Canada's foremost experts on real estate, a man who is in the trenches working in this market, shows that the time for homebuyers to act is NOW.

In conversation with different business people over the last few weeks, each and every one of them has told me how their business has suddenly taken a big leap. These stories are coming from people such as the hair salon owner whose phones suddenly started ringing and now her business is back to where it was last Fall, or the drycleaner who has seen a return to Fall 2008 numbers of people bringing their shirts in for laundering. The couple of real estate lawyers I've spoken to in the last 2 weeks have reported that their business going forwards is looking far, far stronger than it did at the beginning of March. Folks, these are not just random occurences. If hairstylists and dry cleaners are suddenly busy again, it means that their customers are feeling more confident and are ready to resume their old habits. If real estate lawyers are busy, it means that the few weeks before they saw their business pick up were weeks when people were out buying houses.

I look around in our office, and we have a full board of sales for March, more than we've seen for months. I listen to agents talking of the multiple offer situations they and their clients have been in, and I hear them bemoaning the low inventory of homes. All of these are indicators that, as Brad Lamb says, we've hit the bottom.

If YOU are thinking of buying, as I've been saying for the last month, the time to take action is NOW. Don't miss your opportunity; call me today at 905-208-7002 and let's get you started.