July 2019 Newsletter Introduction

Hello Again Real Estate Interestee –  

Summer has arrived! We had some pretty hot and rainless days during June but it was so gorgeous. July on the other hand seems to be more humid and rainy over the past 2 weeks since we entered this month. However, it’s not stopping me from doing some hikes and to prepare for my sister’s wedding! I’m looking forward to spending as much time with family from out of town as possible during her wedding. 

As for what has happened in June – I’m assuming many folks here can sense the market is still quiet and watching patiently on seeing how long the market will stay stagnant (continue on dipping). There is more supply and less demand. Buyer’s are definitely taking their time to find the ideal home and not rushing into buying whatever is available. Many are also seeing how the government’s actions will affect the market as well. Whether they will continue to take part on how to regulate the market or whether the bank of Canada will make any changes again…. One thing I have noticed – many old timer homes – detached rancher / bungalows are being listed on the market ….a time where sellers may want to downsize and buy something smaller or newer…..

– Sam