August 2023 Newsletter Introduction

Half of the Summer have come and went, and now we have one more month to savor the long days and get outside as much as possible. I am surprised that this year the heat was much more bearable compared to last year’s heat wave!  I was glad to see some rain to break up the long dry summer haul. Did you get a chance to catch the Summer Fireworks? I personally think it’s great to see different countries represented through their own creative performances. I spent my first month of the Summer just focusing on just steadily working and learning to be extremely patient with the terrible two stage. I was told that this stage is very mild compared to the future growth stages….*I am sooo looking forward to this*

Since the interest hike in July, prices have remained steady with prices relatively close to the market/benchmark prices for most properties. There may be a possibility of a long lull in late Fall and close to the end of the year as many holding rates are expiring and there may be rush of buyers looking to close on some homes in order to secure the rate. 

Hopefully in the next interest announcement in September 6th, we hear some good news and July would be the last one for this year. However, there is a possibility that we may see another hike in next year. Keep watch to see our neighbouring country fair as we are heavily influence by their economy so we tend to follow suit on whether we will continue raising rates or not. 

– Sam