October 2011 Real Estate Statistics for Oakville / Milton
Oakville Milton Real Estate Market Remains Healthy
Recent announcements from the Bank of Canada regarding interest rates have resulted in experts predicting a strong end to 2011, translating into 2012.
All key measures including total sales, dollar volume of sales, average sale price, and new listings increased in relation to the same period last year.
The Bank of Canada's recent announcement suggests that mortgage rates will stay low for the forseeable future. OMDREB President Jack McCrudden stated, "This supports our prediction that the Oakville Milton real estate market will remain vibrant into year end, winding up ahead of 2010 and well positioned to carry that strength into 2013". Let's hope he's right!
Thanks very much for reading. As always, if you would like to discuss your current real estate situation, I would love to offer my expert knowledge of the Oakville and Burlington markets. You can reach me at 905 845 9180, or by email at jamie.vieira@century21.ca.
Sincerely,
Jamie Vieira, Sales Representative
Century 21 Miller Real Estate Brokerage Ltd.
Independently Owned and Operated
905 845 9180
jamie.vieira@century21.ca
www.jamiesells.ca
