Real Estate Minute with Steve
Wednesday, Jan 12, 2022
Good Morning Quick update on the market current inventory 3926 units available with 438 units selling in the last week if you put that into percentage form that’s 11% of the inventory being sold ! Theres no slow down in sight usually be now we have buyers fatigue or some form of government intervention to slow down the current inflation and huge debt loads being taken on by buyers. We see this progressing through the first quarter of the year.
Currently with closed bids were definitely seeing the most of unnecessary inflation in neighbours that can be mitigated thorough transparent bids, this was one of the Liberals housing talking points to abolish closed bids and introduce a transparent system, I feel if and when this gets implemented it will be too late and the damage will already be done !