October 2023 Newsletter Introduction

LET’S WELCOME THE FALL – how quickly this season arrived – it was just last week where the temperature were still relatively warm and I was in my shorts and t-shirts! However, I’m aware Fall is one favorite season they can start wearing their Fall wear, and cozy themselves at home with anything pumpkin spice! I’m not much of a fan this pumpkin spice but I do love the seasonal colour changes that comes with it. I also recently celebrated the Mid-Autumn Festival. This particular festival was memorable to me as this was the first time my little one was able to fully participate and enjoy the experience. Next time – I’ll probably will have a lantern station to make lanterns!

So how was the September’s market performance? Talking to a few of my colleagues that there was some certain price points in certain locations have felt a sort of a lull with less demand in the area. Whereas, some are still experiencing demand and high interest but prices aren’t as competitive compare to before. Assuming that since interest rates are still the same – the rate itself is still high and it still leaves many buyers hesitate to pull the trigger. It’s more of a wait and see approach.  It’s also the same for homeowners who are close to the end of their mortgage term may need to reassess their ability to continue financing their home

– Sam