I loved your ‘Yeah Buts’ story that Michael Campbell offered.

I loved your ‘Yeah Buts’ story that Michael Campbell offered. So, has the market bottomed now?

Owner Asked on June 19, 2019 in Real Estate.
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Not sure which market you are talking about? The United States bottomed 6 years ago, in Ottawa sales are up 7% and prices are up 4% (never ever went down). Further Montreal sales are up 7% and prices are up 6%, Toronto sales are up 16% and listings are about even with last year. Surprisingly Calgary sales are up 4% and lists are down 12%. As well Edmonton had its best month in the last 8. That leaves Vancouver. Vancouver sales are down 6.5%, listings for single-family homes are marginally higher (still 50% higher in condos) but anecdotally there are many lights at the end of our tunnels. The absolute bottom is hard to predict, but it will come…

Guru Answered on June 19, 2019.
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