Condo seller accepts only offer in a slowing market

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Renovations have been done to the 731-square-foot one-bedroom-and-den unit, including wide-plank oak floors, lighting, and an updated kitchen and bathroom

The bright unit has curved window walls in the living area and a galley kitchen. The urban view from the ninth floor is of the Yaletown Roundhouse community centre.Prices for quality condos aren’t declining, but they aren’t increasing, either, Mr. Albrighton said.

“Inventory in late March for condos had increased with more options for buyers becoming available,” Mr. Albrighton said. “Also, the increased interest rates have slowed some buyer decisions.”to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

 

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The buyer was convinced to offer over asking even w/o multiple offers…

After 5 years in office, Horgan today is announcing curbs to the housing market. This is curiously timed to the market correcting itself in a new climate of rapidly increasing interest and soaring inflation. I guess he will take credit for that.

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