Hello Everyone,

April showers should bring lots of May flowers if the amount of rain we had last month is any indication. And May flowers should bring out lots of buyers, who may want to take advantage of lower interest rates at this time. Predictions are that interest rates may go up in July or maybe even sooner.  Right now a variable rate is prime (3%) + .75, five year fixed ranges from 4.19-5.69%.

The latest stats for March of this year, showed it was the 2nd best month on record, following March in 2010, down by 11%, although the average price was up 5%.  The strongest growth was in condos and semi detached homes, with an increase of 7%. There was a 15% longer period on the market, and the number of listings were down by 19%.  If the shortage of listings continue, it will definitely be a seller's market, and with that, homes will sell more quickly, and prices will also go up.

The improving economic conditions countrywide and in the GTA should make for a great year. The unexpected rebound in the motor vehicle and parts industry, is also a boon to our local economy, as many laid-off GM workers are being called back for the new lines - YEAH!! And the unemployment rate in Canada and the U.S. is bettert than expected. We think the market should steadily improve over the year with good times ahead!

So pass on the good news to any of your friends or family who may be considering a move this year, and of course, we'd love to help.  Please direct them to our site, below, for buying tips under tab FIT TO BUY.  Or if you are in the market to sell your home there is a FIT TO SELL information package, and of course Judy is always on hand to stage your home to present it to its best advantage! There's also a Spring Checklist online, to help you with all those spring cleaning jobs. It's always a work in progress but just keep remembering you are making money on your little nestegg, so give it some love.

Happy Spring - time to get out there and enjoy some sunshine!  Double yeah!!

All the Best,

Rick and Judy