Will the market crash? What’s happening in the market right now?
Take a moment and listen to the video I just made regarding the market. We are definitely seeing a softening of the market but by no means a crash. What do I mean by softening? More sellers are putting there houses on the market so there is less competition. We are seeing not as many people through houses, less offers on each house and not as many are going way over asking. The Toronto Real Estate Board just put out it’s numbers for last month and they are slightly down from March of 2021 BUT still higher than last year. The market is stabilizing which is fantastic for the buyers out there.
Now what’s happening in our township? It’s still going strong! The market is changing south and west of us and we have not felt this just yet. We may feel it but with less inventory in general I feel we will still be okay.