Last summer, when the Salters sold the Calgary home they had been renting out since their move to the quiet Cariboo region of British Columbia a few years earlier, the Calgary market was hot.
“We wanted a clean, unconditional offer so we had an advantage if we were going into a multiple offer situation in Calgary,” she explains. “Certainly over the past few years, the pandemic years specifically, the market has been crazy and lots of multiple offers were happening all across the country – people were being forced to buy first,” says Stacey Evoy, president of the Ontario Real Estate Association and a real estate broker at Royal LePage Triland Realty in London, Ont. “It put people in an uncomfortable situation, but they knew that their house was going to sell.
“There’s definitely not the same upward pressure on buying that there has been for the past two-and-a-half years,” Ms. Evoy says.
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