Barbara Criegern, the president of the Peterborough & Kawarthas Association of Realtors says: "The number of March 2009 sales show a decrease compared to March 2008. 178 sales were reported in March 2009 compared to 232 reported in March 2008.
There were 623 new listings in March 09, compared to 619 in March 08. At the close of March there were 2071 active MLS listings compared to 1850 in March 08."
The president also states: "That while sales are down slightly from last year, Peterborough still has a relatively stable real estate market. In fact sales are up 30% from February. Incentives offered to 1st time Buyers include a land transfer rebate of up to $2000., the ability to borrow $25,000 from your RRSP and renovation tax credits from the Federal government and historically low interest rates. There are many reasons to buy in the currant economic climate.
We Are anticipating improved sales activity throughout the spring market. . .and beyond
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