Back from Holidays and eagerly awaiting Market update

Just back from a two week holiday in and around the east coast of New Brunswick. Every time we go we have a want to buy a small home near the beach along the coastline. Perhaps one day this will become a reality.
I am quickly reminded of the fast pace we live in as soon as we hit highway 401 and the 10+ lanes of traffic barreling down at 130KPH. But it does feel good to be home.

June statistics continue to point towards a steadying balanced Real Estate market. Some headlines, no doubt pining for a juicy story, want to focus on sensationalistic numbers which are usually only clarified deep inside the article. The number du jour is "a 23% drop in sales". In reality this does mean there are fewer buyers on the market, however there is also less inventory so prices have stabilized. Also the 23% drop is versus June of 2009, which was one of the busiest months in the history of the Toronto Real Estate Board.

I look forward to the July numbers which should reveal the trend we are currently experiencing.

David