Neighborhoods - Affordability

Wow, has the time for moving on to a new (larger) home passed or just stalled in our current market place?

In the month of April the GTA market was down 7% from the same time last year when we were enjoying a record year for housing sales when 9,452 homes were sold.

Is the end near, has the market taken a turn for the worse?  

According to Maureen O’Neil president of the Toronto Real Estate Board,  For more than a decade, real estate has served as the economy ’s engine and It’s encouraging to see that consumers are continuing to put their faith in real estate as an excellent as a long term investment.

Well we have experienced downturns before you decide, as has been said they ain’t making anymore of it (land)…..

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Source…  Robert Paterson, Market Watch 04/08