A Closer Look Into Current Market Trends and Stats

Back to school, back to work, back to real estate!  The seasonal trend in real estate is for sales and inventory to dip in the summer months and pick up again in September when everyone is back in their regular routine and beaches and pina coladas are a distant memory.  This may have been even more evident this year, as buyers sat cautiously on the fence waiting to see what the Bank of Canada would do next.  Well, the Bank of Canada just announced they are holding the interest rate where it is with a positive outlook on inflation.  This will likely mean more consumer confidence and an uptick in demand for real estate in the Fraser Valley.  We enjoyed a relatively balanced market for most asset types in August.  For this to continue, we need to see an increase in inventory levels to match the demand.  It could be a better time to sell than in recent months.  Call us to discuss your personal situation and where the opportunity is.