Will House Prices Drop in Burlington, Ontario

House Prices stay high as Sellers fight to keep them up !! In many of my Blog Posts I always maintained in the past prices will remain high. Also buy a house you love and do not just look at is as an investment . One article today was published in the Hamilton Spectator, which prompted me to write this short blog. A quote from one article in the Spectator was as follows "Sellers stubbornly hold onto their perception of what their home is worth, whereas buyers turn on a dime." In tough economic times Sellers will fight to keep their homes that is for sure. I also have always pointed out in my own view the Canadian Economy is evolving to a " European type of economy" The HST is similar to the VAT ! Houses are expensive and we have to work longer and harder to keep them. Burlington Inventory is at 680 homes including Condos . Simply put inventory's are low and interest rates are still low. The amount of inquiries I have received have doubled in the last two weeks. I am expecting a busy fall market. I will observe Buyers are not as rushed to make an offer and they are actually thinking. This is a welcomed relief !! Carl