The fall market shifted from Buyer to Balanced in October, landing at a 14% sales-to-active ratio—which tilts toward Buyer advantages. The end of October rate drop sparked fresh buzz, opening new doors for move-up, first-time buyers & investors. Homes in South & North Delta, Richmond, White Rock are still moving – just with a new…
The fall market has officially shifted – from Balanced to Buyer-leaning….. Benchmark prices are down: → Detached homes: ↓4.4% YoY → Townhomes: ↓2.7% YoY → Condos: ↓4.4% YoY Why the dip? → Spring’s higher interest rates slowed buyer activity. → Inventory climbed as homeowners timed fall transitions. → But on September 17th, the Bank of Canada lowered its key rate by 0.25% & that sparked renewed Buyer momentum. …
Prices have been stable for the past few months, with balanced conditions across the market. Overall there are LOTS OF OPPORTUNITIES for making a purchase OR Selling and Buying in the same market! We are seeing well priced homes SELLING extremely well & BUYERS are stepping forward with offers & sellers getting the prices that…
Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021. Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a…
RE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market. In many U.S. locales, the housing market is roaring. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market. Angelica…
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Canadian real estate continues to make headlines for its strength and resilience in the face of COVID-19, and increasingly for the obstacles preventing homebuyers from entering or moving up in the market. A question on everyone’s lips right now is, how long can this current rate of price growth continue? In the face of record-low…
