Market Notes: Wait and See Attitude

Last week was a very slow week for new listings. The long weekend has sapped any remaining energy out of the market. The few listings that have come on the market have been in the condo segment. The freehold listing side has basically been dead. The thought process is buyers and sellers are waiting until this fall, this has also been propagated by media reports.

On the sales side, premium homes continue to sell, but now many of the lingering listings in desirable neighbourhoods are starting to be snapped up. With this, the quality of housing stock continues to slide. For these reasons, late August is shaping up as a good time to list your home.

-Nick, Aug 11/2017