House Sales

[Rockslinger]

Don't look now but house sales and prices are going back up. Read in the weekend papers that a house in Leaside sold for $136,000 above asking. Also, there are rumours that FUJI is selling his Royal Bank shares that he bought at $26 in March and buying up properties in the Bridel Path.

 

[21pro]

Caledon's Strawberry Fields subdivision had single detached houses released in fall 2008 for a starting from price of $549,000... they now have lowered that buy-in starting price to $428,000... so with the new ultra-low interest rates, I can see a $136,000 above listing price not really a rising price... probably still below what it would have been appraised for 6 months ago.