Happy Monday Morning

A quick update current inventory available on the market 16274 units with 739 actually selling Sales down 40% week over week. Theres a combination of why this is happening number we are in a downturn but secondly this is normal for the summer months to have a lack in pace with buyer showings and sales.

Bank of Canada set to meet July 13th with more then likely another .50 basis point hike currently the posted TD Mortgage rate 5 year fix is at 5.14%. The banks will adjust shortly after to I would imagine 5.5%.

Were currently selling listings but with much more patience with the buyers on deficiencies with the properties during inspection, its best to spend a couple of thousand on repairs knowing you can firm the deal and get off the market before the market conditions takes it from you.

Congratulations to my Canadian Clients who just purchased there dream property in Florida !!! and also congratulations and thank you for choosing the State of Florida for your family's permeant new home ! and what a property it is we snagged this brand new never lived in home for $590,000 USD and its Located in Fort Myers in the Gated community "River Hall" 3231 Sq-Ft 5 bedroom 3 bathroom 2 car with a tandem garage, 50'x153' lot size that backs onto a lake view, screened and patio lanai with an in ground salt water pool!