Last week, we talked about the fact that economists predicted that the Bank of Canada would hold the interest rate when they announced today on the 24th. The good news is they did fit, and they’ve been holding since last September.
So what does this mean? It means that buyers are now starting to feel more confident. We’re getting calls from people that have been holding off but are now ready to go out on the market and look for a home. In December, we saw 29% more homes being listed than the previous year, and the medium price went up 2.9%. So all of this is good news. It looks like it will be a good spring market if you’re thinking of buying or selling. Let’s talk now and get you ready.
Let’s talk now and get you ready, contact us.
Watch the market update here