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Buyers Market has arrived
Buyers Market has arrived!
Prices are down, inventory is up, now may be a great time to buy.
Current projections from the Bank of Canada, and many Economists alike, are suggesting that interest rates are going to remain low heading into the Fall season, which could level out the really high market prices we’ve been seeing for a while. Our regions exceptionally high prices have dropped since the peak.
“This isn’t to say rush into hasty purchases, say’s Matt Henry of Remax Select Realty, but rather be aware that you can take more time to really look and evaluate your options. There will be lots of inventory to go through coming up in the next few months and prices will be a lot more attainable for people wanting to make a move or get into the market. Be aware to not step out of your means either. Just because you can get a low interest rate you still need to be mindful of keeping within your budget as to not put yourself in a pressure position should the interest rates fluctuate in the next few years.”
But, as it stands now, it seems the buyers will have an advantage on price, rates and availability so if you have been waiting on the right time to get into the market, now just might be it.
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