June 2, 2021 |
Now your purchasing power has been diminished ever so slightly. So if you were near your max before when thinking of purchasing, that max has now been reduced.
May 26, 2021 |
The interest rate for both high-ratio mortgages (less than 20% down payment) or non-insured mortgages (20% or more down payment) will find the interest rate raised to 5.25%.
May 19, 2021 |
Considerably less new listings and less sales are continuing the sellers market we've become accustomed to in the last several months.
May 12, 2021 |
Although sales have increased week over week, it's showing a decrease in incoming inventory. With less inventory, this increases competition on existing properties which could potentially put us back into multiple offer situations and higher offers.
May 5, 2021 |
April has come and gone and with it another record-breaking month. However, as the market is still surging, we are seeing a decrease in the multiple offers, overpriced purchases and low inventory.