The new mortgage rules & double digit appreciation have not slowed down demand. Here are 3 things you need to know
1) Condo Market on Fire: Demand will shift to larger unit condos since houses are not affordable
2) Listing Price is Meaningless: a – Marketing: listing price is used to attract as many potential buyers as possible b) Supply – With active listings down there is less supply to meet buyers demand c)Frustration – After losing a few bidding wars, some buyers resort to preemptive offers
3) Rental Rates Up – Supply of available rentals is lower with buyers staying in their existing rental units pushing rental prices higher
Looking to buy, sell rent or invest? Were here to help 24/7.
Thank you for your message, we will be in touch very shortly.
Sorry, there has been a problem and your message was not sent.
Please enter your contact details and a short message about the property your inquiring about.