Heres the First of my Blogs!!

Check in at least once a week for everything from market updates to tips and tricks on all aspects of selling or increasing the value of your home.

Heres a look at whats going on in the National Market:

Canada-wide, housing starts (new construction) is predicted to slow from
2012 levels, down 9.4% to 193,600 new homes in 2013.

Total sales of new and resale homes will go up by 0.9% over 2012, to 461,500
sales in 2013.

The average sale price of homes nation-wide will increase by 1.5% over 2012,
to $370,500.

National employment opportunities will improve, unemployment rate will
remain similar to 2012 and the GDP will increase slightly.

5-year mortgage rates will increase by 0.25%

The largest single reason behind any improvements in the Canadian market is
the predicted improvement in the U.S. economy. Despite a high level of media
attention to the U.S. “Fiscal Cliff,” the CMHC strongly predicts that the U.S.
government will move to deal with this issue in a timely manner, and the
resulting growth in the U.S. economy will fuel demand for Canadian resources and
goods, stimulating employment which will drive housing sales across the
nation.

*Information provided by www.cmhc.com**