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February 2019 Market Update


Well folks we are now in a full Buyer’s market in all segments. The big question on everyone’s

mind is where is the market going in 2019?

 

For this month I am showing a comparison of January over January for the past 5 years and

as you will see the big change occurred with # of sales way down. This is a result of a number

of factors, taxes implemented at the local, and provincial levels as well as Federal intervention

in the mortgage industry with the new “Stress Test”.


The good news going forward, inflation rate, unemployment rate and interest rates are all good!

 

I  always love to hear from you and happy to discuss how the market effects your future plans.

Michele

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