Nanos research says that consumer confidence in real estate in Canada has increased.
And why is that?
It’s because people expect that last week’s drop in the Bank of Canada rate will continue through the year.
So, did it make a difference?
It’s only been 7 days, so we can’t say it’s a trend yet, but 3 weeks ago in the Kingston market, 75 homes sold a week ago, 85 homes sold. In the last 7 days, we’ve seen 104 homes sell. So that’s definitely positive, but it’s an uptick.
We’re seeing homes that have sat on the market for a long time suddenly get interest.
For sellers, hold on; it’s coming.
For buyers, let’s get out there ahead of any price jumps that are happening when more buyers hit the market.
Contact us. Let’s talk about a strategy for you.
Watch the market update here
