Was November the start of a soft-landing for our real estate market? I believe it was. Between the threat of further rate hikes and the mortgage stress tests, buyers are feeling the crunch. Home sales in the GTA fell by 15% year-over-year.
On another note, limited inventory has required many buyers pay more to win their bid, just in case another suitable property doesn’t come along soon.
But, there’s always a bull-market somewhere… a good home, priced properly in one of our many desirable neighbourhoods will sell, quickly.
