Hello. September has been an active month w/many homes selling quickly. The average days on market was 29. The average price for a detached 2-storey home was $909,000 which is up 4% from September 2012.
We had 58 rental properties change hands ranging in price from $1325 to $8500/mth. The cheapest one was for a newer modest sized condo apartment while the highest rental sale went for a delightful lakefront home.
Financing rates are still very attractive w/no immediate signs of rate increases on the horizon. Variable rates are still the same as a year ago at 2.60% for 5 years. Fixed 5 year has gone up from 3.09% to 3.69%, yet still very attractive.
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