How’s the Market in September 2017?
This may be a surprise to some but the Canada real estate market begins to slow starting in October. In fact, it is a trend we see at this time every year.
This is nothing to be concerned about, sales drop off a little bit at the same time each year and typically, inventory drops as well.
The Good News about the Canada market
The good news story about 2017, from Q1 right through to Q3 has been an overall increase in sales activity from 2016. With the exception of the apartment sector, currently there is 8 months worth of supply on the market.
Which means there is an abundance of product currently listed.
Of course we know what the law of supply and demand dictates.
To learn more about the market, watch the video below and if you like, skip ahead to the points that interest you the most:
0:00:00 September Market Update
0:01:40 High Level Overview
0:03:00 2017 Overview
0:04:07 Steady Market
0:05:12 Year Over Year Price Comparison
0:06:38 Trends to Watch
0:12:23 Hottest Canada Markets
0:13:42 Wrap Up