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Wednesday, May 5, 2010 - Market shift evident

With housing inventory levels piling up, the real estate market has clearly shifted to one that favors buyers. We are starting to see a number of price reductions, and buyers looking at a lot more inventory before making decisions. Sellers need to be aware of  the market shift and adjust pricing accordingly. Buyers, on the other hand, are enjoying favorable inventory levels and the opportunity to get a real deal on a real estate purchase. With mortgage interest rates trending upward and industry watchers predicting a significant Bank of Canada interest rate hike in June, now is the time to start looking. Take advantage of your pre-approved low rates or if you haven't been in to get a mortgage pre-approval now is the time to do so. Feel free to contact me for advice on a good mortgage broker. Enjoy your day!

posted in General at Wed, 05 May 2010 11:42:31 -0600

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