Before Labour Day

For about 3 weeks there are slight indication in the data that the market has hit bottom.  The market is beginning to consume the available condos.

The world tumult is causing unpredictability and that slows the real estate market.  The Bank of Canada has held rates again. The bankers are dealing with conflicting facts:  rising bond yields which suggest they should raise rates, and at the same time war and trade struggles.

Real Estate agents are finding some buyers coming back to the market while others are robustly indecisive.  The buyers coming back may be merely easonal indicators, those with work relocations, those by necessity from divorce, financial stress, or new babies turning into space loving toddlers.  More time is needed to see if an improving market trend is establishing.  More time is needed to see if the mid-terms south of the border change the world outlook.

A trend requires time and consistency to form.