The second quarter of 2012 has made history. In the month of April alone, we have sold 7 properties over $4M up to $16M. This kind of activity in the market clearly confirms that confidence is being restored in our buyers and will continue throughout the year. Consumer confidence has been locked down for the last few months and the economy is taking a back seat.
April 2012 Economic Statistics:
‘The Buy Index, which measures the extent to which Canadians feel that now is a good time to purchase a “big ticket item," such as a car or a major household appliance, is perhaps the most important of the sub-indices, because if people feel now is a good time to buy, they may act on it, which will provide the real economic stimulus. The Buy Index is the only sub-index showing some optimistic signs, rising slightly from 92.0 to 93.6, which most likely can be attributed to the beginning of spring and home renovation season. “In any event, that is some optimistic news going forward, and Canadians are in somewhat of a spending mood," said Baillie-David.
In case you missed us in the Globe and Mail last week, click on this link to read the article.
Photo: Southeast Oakville JUST SOLD List Price: $6,998,000 Square Footage: 6,250 + 3,256 | Beds: 4 + 1 | Baths 5 + 1 | Lot Size: 105’ x 259’