WONDERING ABOUT THIS CHANGING MARKET?

These days, the headlines about the economy as well as the real estate market seem confused and are confusing. Markets Up. Markets down. Markets changed. Markets about to change. Forecasters seem to be hedging bets from quarter to quarter.

While sales volumes are up, there is a lack of "inventory," or homes for sale, in many areas, and tight supply is creating year-over-year gains for home prices. So even in this winter deep-freeze, it may seem a surprise that the market has heat.

Plus, rates continue to trend low with the Bank of Canada’s decision to once again hold the Key Rate at 1.75% on January 22nd. Along with the rate announcement, which kept rates steady for a 10th straight decision, the BoC indicated that the Canadian economy has been strong since October's Monetary Policy Report. The Bank forecasts that the Canadian economy will grow 1.3% in the first quarter of 2020 and expects inflation this year to come in at 1.9%.

Thought of selling? Why chance a "pop" in inventory as the Spring Market approaches? Supply and Demand suggest we review value, activity and opportunity today. Headlines report statistics and trends regionally, but it's the micro-facts of a neighbourhood that confirm today's real value.

Interested in finding out how your place fits today's market? Want to know more about neighbourhood activity? Wondering how to get your home market-ready or looking for buying opportunities? I invite you to call me.