Spring is here and the Georgetown real estate market is heating up.  We had such a cold harsh winter and real estate agents and brokerages report that the extreme high amount of snow affected our real estate market.  Sellers were waiting to list their properties when the weather warmed up.  This and the worry of the sub-prime mortgages effects of the US real estate market created a shortage of homes to sell.  I believe the Buyers are out there.  They are attending open houses and looking.  It is a Seller's market at the moment.  I think we will know if it was just the weather in just a few short months as the spring market is here or was it strictly the US economy negatively affecting the real estate market in our home on Georgetown , Ontario.  If sales are still really low it will become a Buyer's market.  Prices will drop as the Buyer will dictate what the propertly is now worth.  Seller will become more skeptical to sell now because they will not be able to find a home to purchase.  Thus still creating a Buyer's market.  The price adjustment in my mind will not be so significant as todecline from last years prices but remain the same for up to 2 years.  I think the price adjustment is good.  We just can't keep climbing up and up at the rate it has been.  However,  the real estate market  investment still remains stronger than any other investment opportunity out there.  Buyer have always been advised if you are buying today that you will need to hold onto that investment for at least 5 years.  This is the best advise I can give to buyers right now.  Interest rates are still very very low and with the 40 year amortization rate housing has never before become so easily more available to first time buyers. The stock markets might be taking strong hits against investors and as gas prices increase people who found moving more north to Georgtown, Acton, Erin, Hillsburgh and Caledon from Toronto, Mississauga and Brampton desirable because of small town feeling and low crime rate will rethink moving here because they can't afford commute.  Go train service expansion will help increase people moving here.  The water allocation will not be available for a couple of years so growth wll be affected in Georgetown as well.  I will remain optimistic that houses will still sell and buyers will still buy here because of all the wonderful things Georgetown, Halton Hills, Acton has to offer.