By Warren McNeil,

The spring market is nearly here and our Team is really gearing up. The Bank of Canada has maintained the interest rates which is really good news.

See: http://creanews.ca/2010/03/02/bank-of-canada-maintains-interest-rates-4/

Buyers are in the market right now looking to buy houses. However the biggest problem is low inventory levels. In January, the number of active listings was down 33% over 2009.

See: http://files.newswire.ca/577/MarketTrendsRpt2010.pdf

 Our team has been doing lots of market evaluations for people lately so we know that it’s going to be a busy spring.

Now is a good time to sell because of the following reasons:

• less inventory can work in the sellers favour. less competition
• low interest rates for buyers making it easier to buy
• there’s an abundance of buyers
• the minimum downpayment requirement is still 5% and not 10%
• the olympics are over. Not sure if that’s a good reason but it sounded good
• higher offer potential
• multiple offer potential

The next three months are going to be really interesting.

Thanks for reading!

We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and  everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation.

Warren & Melanie McNeil | Sales Representatives, Team McNeil Re/Max Twin City Realty, Brokerage (  519.579.4110 | 519-498-8118                8 www.TeamMcneil.com, www.ClickThatHouse.com, www.LoftStyle.ca, www.ElmiraRealEstate.ca

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