February Market Update
The new US President appears to be having a positive effect on the consumer confidence in our Real Estate Market! Since he took over the White House on January 20th, I've noticed a lot of new activity and finally the Buyers are jumping into the market and realising that it really is a GREAT TIME TO BUY!! First Time HomeBuyers are taking the plunge, scooping up some GREAT DEALS, and enjoying RECORD LOW INTEREST RATES! Even parents appear to be giving their blessings, realising that the opportunities out there for their children may never be seen again! The last time Canada entered a recession back in the '80's, the interest rates were in the 20% plus range. Who could afford that?
Recent Media reports related to the Real Estate Market (in my opinion) appear to not accurately reflect what's really happening, as most Realtors are very busy right now (including myself). There appears to be some pent-up demand; as a lot of people, frightened by the Economic downturn in October, froze like deer in the headlights over the winter, and now seem to realise that it's safe to go back in the water. I've recently sold 4 homes in the past 4 weeks, and had increased activity and showings on many of my listings.
