Good Morning ! Current inventory were sitting at 4653 units with 1321 units selling in the last week similar numbers from the week prior, up just a couple of hundred units on both inventory and selling side.

Bank of Canada held the overnight lending rate at its current .25% basically no relief from the feds to cool the market, as we continue to see unprecedented sales rack up and with no relief or change in sight looks like this market will continue at a more dramatic pace then we have ever experienced before.

My Florida investment purchase is becoming a nightmare with the lack inventory and massive competition, I figured when I would finally purchase in the US I would have an abundant amount of properties to choose from with great low prices that stay stagnant with no real threatening appreciation damn I was wrong. Weekly we submit offers on New construction properties that have 5 to 8 offers on all properties and the prices increasing 10 to 20k per week on all units, we didn’t cross out resale and look daily at units that are not in desirable locations or are just run down. We will keep hounding until something gives or the affordability of homes take us out of the game.