First Time Buyers driving the Real Estate Market

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First Time Buyers driving the Real Estate Market

Thu, Mar 12th, 2009

The Canadian Press

MISSISSAUGA

First-time homebuyers are being lured into the real estate market by falling prices, lower interest rates, more selection and new government incentives, a new report says.

Preliminary figures show house sales were up in February, after a terrible January, driven by more first-time buyers entering the market, the ReMax real estate company said yesterday.

ReMax said lower prices and record low lending rates are prompting many first-time buyers to "get off the fence, out of rental, and into the market.''

To read the full article http://news.therecord.com/Business/article/501829





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