Hey Sudbury, we are in the heart of ‘April Showers bring May Flower’ season, and I hope you are staying dry. With Easter weekend upon us I hope you are able to spend some time with your family and be spoiled from the easter bunny who should be hopping by your homes.
The Bank of Canada finally made the splash that I’ve been predicting they would make for the last few weeks. Interest rate on the Bank of Canada lending rate doubled on Wednesday going from .5% to 1%. This is the biggest increase in 22 years, and the first time the rate has ever doubled (seeing as rates were hovering around historic lows this is understandable).
On a local side of real estate side of things, it was an interesting week; the market is still strong; but we are seeing a lot fewer investors, which impacts that 300-550k price point marketplace. The number of listings that see their offer date come and go without a serious buyer seem to be at an all time high!
Sales 💰
This Week > 53
Last Week > 48
Pending Deals 🤝
This Week > 9
Last Week > 7
Multiple Offers 👊
This Week > 45
Last Week > 46
New Listings 🏡
This Week > 59
Last Week > 63
Total Listings 📍
This Week > 103
Last Week > 110
Tune in to listen to the full episode! 🎧
If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272
