Wednesday, February 25, 2009
Housing Market Pins Hope on New Buyers
According to today's article in the Globe and Mail, first time buyers accounted for almost 70 percent of the real estate transactions that occured during the height of the housing boom. The article goes on to say that most first timer's are in their late 20's to early 30's and are more real estate savvy than their parents. Houses prices have recently softened, there are more listings available equalling more choice for first time buyers. This article expects that first time buyers and new immigrants will be the driver of homes sales. Read the article HERE.