Is it just me, or is the spring market feeling weird?
I’ve been watching the listings in my area for a few weeks now, and it feels like we’re in a strange stalemate. Even with the Bank of Canada holding rates steady at 2.25% recently, it doesn't seem like the "floodgates" have opened like everyone predicted. Sellers still seem to be holding out for 2022 prices, while most buyers I know are just sitting on the sidelines waiting for a "proper" correction or more inventory that isn't just overpriced condos.
It’s exhausting trying to timing this market when the sentiment changes every other week. Are you guys seeing any actual movement on the ground in your cities, or is everything just sitting? Also, for those who finally bought recently, did you feel like you got a fair deal, or are you already worried about where things are heading by the end of the year?