A word about getting accurate and current real estate advice

1. Find a non-bias source for your information if at all possible

2. Only rely on facts and do not make decisions based on emotion

3. Watch trends as they are often an accurate measuring tool

4. Talk to your financial institution and find out what policy changes they have made recently regarding mortgage qualifications

5. Bank policy changes are a clear indicator of where the industry is heading

6. The best thing to do is to research the subject thoroughly on your own

7. Review all of the information available on line from your local Real Estate Board

8. Carefully monitor the inventory (homes listed) and how that has changed over the last 12 months in your city

9. Watch quantity of homes sold each month for the past 12 months in your city

10. Lastly watch the average sell price but be careful to understand what sort of house is being compared on a monthly basis

11. Statistics Canada will help you to understand key indicators that have a direct impact on real estate pricing

12. Monitor what is happening with our neighbours to the south

13. The US economy clearly has a direct impact on Canada

14. Keep up to date on your local papers but pay close attention to who is writing the articles

15. No one has a crystal ball and this market is by no means a clear science so make a decision that you believe is right and go with it .