cheaprealty net

Let's look at the latest numbers for the spring bounce, courtesy of VREB. Here are the comparable sales numbers for the months of March 2006 and 2007.

While sales continue at a similar pace to last year, the performance is underwhelming, as year over year, declines can be seen in the prices of single family homes and townhouses. However, condos are doing better and selling at a higher price than a year ago.

I see today that the Financial Post is reporting big gains in the property values for the country as the spring bounce season gets underway.

In summary: Home prices rise 12% Quarterly rise shows markets has legs By Garry Marr, Financial Post Published: Thursday, March 29, 2007 Home prices for the first three months of this year rose almost 12% from a year ago in a clear sign that the market still has legs, says one of the country' leading real estate companies.