Well the warm weather and sunshine is finally here hopefully to stay for many months.
April house sales were down compared to the previous year but the average price is up. This and the many bidding wars were due to limited inventory i.e.less listings available. Not sure if this could be attributable to many sellers selling early last year due ito the incoming HST. The buyers are still certainly there and the mortgage rates are still low. There was a short spike about a month ago but they have stabilized again and many folks are capitalizing on variable rates as low as 2.5%.
There is a new feature with the TREB Marketwatch report...you can now view it on YouTube. I have added the link in on the article so you can choose how you would like to experiance the report.
Listings are still in limited supply so if you or someone you know is thinking of selling their home, please let me know and I would be happy to help them sell and buy their new home.
Currently, I am quite excited about a neighbourhood report which I am working on and will give you early access to so that I can get your feedback. ask for your feedback.
Until next month....
Bridgette