Good Morning quick update regarding the flow of the market with sales and current inventory Current Inventory

13,654 (up 300 units) Sales 657 (Down -17% week over week)

These numbers have been consistent for the last few months.

What to watch for that can further affect the market

1. Next bank of Canada Meeting set for October 25th 2022. If the Governor the BOC Tiff Macklem raises rates further to curve inflation.

2. Pre - Construction Homes that were purchased in the height of the market.

Buyers most affected

• The over-leveraged investor

• People who have had their employment status change

• Buyers who barely passed the stress test at 5.25 per cent

• people who…might have purchased the pre-construction home with the intent to sell their current home and make a substantial profit on their current home.