Year Four

Keeping with tradition, this is my yearly entry on this blog. Today marks year four of City Wide Professionals! The past year has most certainly been interesting. An expected downturn has quickly turned into a strong recovery, mainly due to ultra low interest rates. Combined with a lack of listings, the 2009 market saw multiple offers and significant sales and price increases over 2008.

City Wide Professionals is now four professionals strong! Not phenomenal growth by any stretch of the imagination, but a good milestone nonetheless.

The coming year will surely bring many changes, both to the real estate market and City Wide Professionals. The advent of higher interest rates, the introduction of the HST in Ontario and the continued volatility in the financial markets, will no doubt impact the real estate market. Although we would love to see prices go up forever, the reality is that at some point, a moderation in prices will not only be inevitable, but will even be healthy for the market.

As for City Wide Professionals, we will continue to march forth. This coming year may well be the year we branch out in search for a new home for the brokerage. One thing is certain - there will be many tough decisions to be made.

I aspire to write more on this blog, but you can be assured that I will have an annual update again next year!