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Are We Moving Towards A Buyers Market?

Author: 
The Condo Nerds
Publication date:
May 7, 2022
Article Summary: 

Are We Moving Towards A Buyers Market?

The Bank of Canada has started raising interest rates, making it harder for buyers to get money for real estate purchases, and reducing competition in the market. This has resulted in some properties seeing a decrease in price on a month-to-month basis. Buyers are advised to take advantage of this opportunity to aggressively enter the market and present offers. However, there is an anticipated 10% overall growth in real estate prices by the end of the year once interest rates settle.

Keywords: 

Real Estate, Buyers Market, Bank of Canada, Interest Rates, Competition, Selling Price, Appraisal, Spring 2021, Spring 2022, Opportunity, Aggressive Buying,

Source Citation: 
The Condo Nerds
Are We Moving Towards A Buyers Market?
May 7, 2022
https://www.thecondonerds.ca/blog/are-we-moving-towards-buyers-market/
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