The market seems slow and feels sleepy like an overheated bulldog on an old front porch but prices are still rising on a year over year metric. The anticipated price decline in comparison to last year did not happen. The climb continues. However, sellers need to be wise about their expectations. With number of showings down and subsequent number of offers down, presented offers are proving to be measured and reasonable.
While prices are down when compared to last March, it’s important to remember that last year’s market was being tested on artificial pandemic stimulants. Things are now better than they appear. The big news is inflation is reported down to 4.3%. Market health is improving. Showings are up and the GTA recently experienced a record […]
Read MoreIn the world of financial and business soothsaying most of us have heard the expression, “The Trend is Your Friend.” Identifying when a trend has been established is important. House prices have been increasing for 8 weeks in a row – but for the previous 38 weeks they decreased. Is this a trend or a […]
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