The market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times.
“We’ve started getting calls where buyers are just like ‘I think I’ll just adjust what I want, but I don’t want to miss my opportunity.” “Maybe they can’t get the square footage they thought they could get because they can’t qualify for as much but they still really want to get a good deal,” she said.
She spotted a condo listed for $699,000 garner 11 offers and a house listed for $2.8 million snag five bids last month.“Everyone who wasn’t pre-approved is getting themselves pre-approved because people want to jump on buying something because they’re worried that prices are going to start going way too high again,” said Mazaheri.
should read canadian media heavily reliant on real estate advertising? hoping the spring market will hold hope for their fortunes...
Poll: Are Canadian homes way overinflated?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Soccer officials defend controversial deal with Canadian Soccer BusinessCanada Soccer general secretary Earl Cochrane says the governing body is in negotiations to ‘modernize’ the CSB agreement
Source: globeandmail - 🏆 5. / 92 Read more »
Canadian banks well equipped to handle further market turbulence: DBRS Morningstar - BNN BloombergCanada’s Big Six banks have lost billions of dollars in market capitalization in the wake of the global banking crisis, according to DBRS Morningstar, but the company says the sector is well positioned to navigate the volatility. Meanwhile BoC which caused this is spending and 🤣🤣🤣 4 classes in Canada! Rich, Government job Rich, Working Poor and Poor!!! Oh well companies have no control over stock values so this is bad journalism by somebody who does understand the stock market
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Canada Soccer officials defend controversial deal with Canadian Soccer BusinessCanada Soccer defended its controversial deal with Canada Soccer Business under questioning on Parliament Hill by the House of Commons heritage committee. Why did PCs recently tweet that Ontario PCs visited Texas last week for Procurement, in the 30th Anniversary year of Waco Texas Seige , which lasted 51 days Feb 28toApril19,1993, at the same place Trump holds campaign rally, Ford PCs ,he's sending a signal seige message Why is the racist goaltender still a part of the team representing Canada?
Source: CTVNews - 🏆 1. / 99 Read more »