We are coming into the Spring Market and the tone has changed a bit in the market as of late. The GV market moved back into a "Seller's Market" for All Properties with 4.3 Months of Inventory (MOI) after a slower January - 7.1 MOI. A lack of Inventory priced for today's market has brought back multiple offers in many pockets. With the Bank of Canada electing to pause an additional rate hike on March 8th, it should be interesting to see how the market reacts moving forward.
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If you are looking to buy, sell or just want to chat about Real Estate, reach out, jeff@jeffdonohoe.com - 604-340-8588.