THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Monday, August 16, 2010

Homebuyers shouldn’t expect hot deals as housing market cools: experts

Canadian sellers are facing more empty open houses and fewer bids on their homes, but experts say buyers shouldn’t expect to see a retreat from record-high home prices when July housing data is released Monday.

Home sales have fallen 25 per cent since reaching a peak at the beginning of the year as demand slows and more houses come onto the market.

But it will take much longer for sky-high home prices to fall and the market to enter buyer-friendly territory. And history is on the side of the seller.

Source: www.yourhome.ca
By: Sunny Freeman
The Canadian Press


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