This spring, I’ve set up searches for buyers with their criteria for price, location, etc., and it’s not unusual to see as few as one listing per month. This doesn’t give the prospective home buyer much encouragement.
It’s been a hectic market with low inventory, a shortage of new listings, attractive homes selling quickly, rising prices, and the highest sales in five years. I’ve been telling buyers to hang in there, because I expect we’ll see a lot more inventory in the summer months and not so many buyers. Hopefully the prices will stabilize or drop as well.
Vancouver inventory is at an all-time high with the lowest sales in years. Toronto, by most accounts, will be in the same boat soon. What about Calgary? Is it different here?