On a real estate front we are ticking down the time to Christmas. The market is basically in a lul between early December until early Janaury, and we saw that play out in the numbers this week. On a national level the Bank of Canada held off with the December rate increase, keeping the benchmark rate (which controls variable interest rates) unchanged. Although the writing is on the wall that there is some significant increases coming in 2022.
On a local real estate front, the market has continued that bit of a slowdown as buyers shift their mind to the Christmas season. We had a small drop in Sales this week as well as a sizeable drop in new listings - keeping the sales and listings almost equal! Want the full breakdown of this week's market trends, transaction and activity? Tune in! 🎧
Hit that follow button to keep up to date and don't hesitate to reach out for real estate advice! I am happy to go over buyer or listing strategies that fit your unique situation and position you for success in terms of your real estate goals! 🏡
📧david@lakecityrealty.ca
📲705-677-5272
www.lakecityrealty.ca
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