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HOW DOES THE CURRENT MARKET AFFECT MY FUTURE PLANS?

I have had people ask me recently,

“Garry, how does the current market affect my future plans?”

I’m a big numbers guy (I love looking at statistics, reading charts, analyzing graphs) and numbers don’t lie, so let’s take a look at what they are saying.

Sales are down about 25%…
… which is largely due to the fact that, this past April, we saw the lowest amount of active listings on the market that we have in 10 years, keeping it a strong sellers market. Since fewer new listings are coming on the market, housing prices continue to rise and are 14.5% higher than last year! Continue reading