I can tell you that the level of condo sales has slowed in October. Is this seasonal or are more people sitting on the sidelines? I can tell you that any uncertainty always causes a slow down in the real estate market. There was the provincial election and then there is the ongoing fiasco at Metro City Hall. Do you think people are postponing their buy decisions?
This week, we also experienced a couple of multiple offer situations. So there are some buyers who are anxious to get their dream property. But a lot less than in August.
Will the market slow down persist to the end of the year? Or will it pick up in another couple of weeks? You tell me!