DECEMBER CONDO SALES FORECASTS QUICK START TO NEW YEAR

Usually, December sales wind down and January can be quiet too. Years ago, the Spring market started in April and people listed in March. Not any more! Now a normal market happens when people list in February and sales take off in March. This year expect the listings to come in January and by mid-February we will be in the Spring Market. Why so early? Many people believe that the low-interest rate environment will be over by mid-year if you believe the Bank Of Canada. As well, the beloved HST kicks in on July1st. If the GST experience is any indicator, then buyers usually move to the sidelines for a few months in mock protest, and then they resume their spending habits. There are still plenty of buyers in December - not as many as 60 days earlier but these people are determined to REALLY beat the Spring market in 2010.

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