NEWS AND EVENTS
Comparitive Statistics - December 2009
(Download PDF)
Harmonized Sales Tax Assault on Real Estate Consumers
November Home Sales up 60% from 2008
Woodstock, Ontario December showed the 2nd highest number of Sales for December in the history of the Woodstock-Ingersoll & District Real Estate Board. This was an increase of 7% for units sold compared to December 2008. President Lorna Corbett, comments that from all reports Canadians, are feeling optimistic about the coming year. In fact on the job front most are expecting employment to improve.
The average home price for December 2009 in the WIDREB trading area was $226,850.00 this is a significant increase of 17% from December 2008. The most popular residential home in December 2009 in Woodstock was a 2 storey home, while in Ingersoll, the most popular was a ranch home.
“2009 got off to a slow start due to lingering economic concerns”, President Corbett suggests, “however consumers regained confidence in the real estate market and 2009 proved to be an active year, although not comparing to the high sales recorded in 2005”.
President Corbett continues, “It has been forecasted that interest rates will ease upward before the end of 2010 which could have a effect on real estate market in the last quarter of 2010, as well as the HST tax which will come into effect on July 1, 2010.”
If you wish to view the listings currently on the Woodstock-Ingersoll & District Real Estate Board, as well as information pertinent to Sellers and Buyers please go to www.widreb.ca
The Woodstock-Ingersoll & District Real Estate Board is an Association of REALTORS® committed to promoting and providing programs, services, education and technology to enhance member competency, knowledge, ethics and professionalism. The Board shall encourage and deliver high levels of service to its members.
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