November 3, 2010
The market is slowing, everyone knows that (especially with comparison to late 2009).
According to MoneyVille:
“The market has balanced out from record levels of sales in the second half of 2009 and first few months of 2010,” said TREB president Bill Johnston.
But that doesn’t mean the market is crashing or anything. The average price of a home is up 5 per cent compared with this time last year (up from $423,559 to $443,729).
So sales have gone down, but it seems like supply and demand are still balanced. So we won’t be seeing plummeting prices. It’s just that the market has cooled down.