Not much has changed since my Spring 2016 market update. We are still in a record setting sellers market. The only difference is that I’m starting to see a few early stages of buyer fatigue setting in. Where instead of getting 8 offers on a property we’re only getting 4. Lack of inventory and record low interest rates will keep prices high for the foreseeable future. For this market to change we will need some sort of catalyst such as an interest rate hike or some kind of new tax imposed by the provincial Government.
This entry was posted on June 14th, 2016 by Owen Bigland | Posted in Video Blog