August 29 2022

Happy Monday Morning

Current inventory is at 14,079 with 811 units selling, inventory down 5% since last week. The positive affect on the lower inventory weekly Will be beneficial for are sellers as we are experiencing a flow of sales and constant enquiry calls from potential buyers.

We sold 4 properties last week, one firmed up 3 are conditional sales and one of the conditional sales blow up on Status certificate.

I always talk about the power of price adjustments Two of the 4 sales were due to price adjustments, the recent trends are positive with housing prices were we are not seeing the massive drop off we witnessed the last 3-4 months, were we couldn’t catch the buyer and we always stayed above what there willing to pay, currently we are at par with the buyers attention and one price adjust from doing a deal and getting our listings sold.

BANK OF CANADA MEET DATES:

Wednesday, September 7
Wednesday, October 26*
Wednesday, December 7