267 new listings came on the market this week and 257 homes sold. That means we are up a grand total of 10 listings, no wonder the conditionally sold rate is over 13% of current inventory (over 6% being a strong sellers market).
It’s to bad this sort of activity won’t last very long. Here is a link to an article in Saturdays Globe and Mail:
It talks about the pressure the federal govenment is under to raise the minimum down payment required to buy a home. I strongly suggest you take a look so you know what might be coming down the road.
Real Estate Dave
“Tell me something good!”