The Rocca Sisters Blog

As a new year begins, so do resolutions for your home. While some are thinking of renovation jobs they want to complete over the coming year, others are thinking about a move to a new home to fulfill their needs, whether it be for upgrading, downsizing or a change of location. 2012 is predicted to be a positive year for the real estate market, as forecasted by the Canada Mortgage and Housing Corporation (CMHC).

In the Burlington area, we ended 2011 on a very positive note. The Hamilton-Burlington Real Estate Board reported a 6.8% increase in volume over the past year, with seven of the twelve months being set as record months. ‘The December market performed well compared to the average for the month over the last ten years,’ said RAHB President Cameron Nolan, ‘and the average sale price continues to rise in our area.’ Royal LePage Burloak has reported a 6.5% increase in 2011 for the average sales price for Burlington.

This positive performance is forecasted to continue into 2012, as the CMHC predicts that sales will continue to increase moderately. They forecasted a drop in the unemployment rate, which in turn will help create a moderate increase in both house sales and average sale price. This moderate increase also reflects the Canadian Real Estate Board’s (CREA) expectations that Canadian interest rates will remain low well into 2012.

We are experiencing a very strong start to the year here in The Rocca Sisters Team office and welcome any questions you may have about current market conditions in your neighbourhood. We would love the opportunity to provide you with a free home evaluation and a competitive market analysis of your home. 2012 has begun, let us help you turn your home resolutions into reality!