As I have been a mortgage broker for just almost 20 years, I have seen a lot of interesting real estate markets. However this year really takes the cake. February, March & April anything with a roof sold as soon as it hit the market and in most cases with multiple offers and in many cases well over asking price. However since cases of Covid started declining and provinces started opening back up, things have slowed down.

I speak with hundreds of realtors every month and the common belief is that since things are open many people are choosing instead to take a well deserved vacation. In many cases their first in over 18 months. The fundamentals of the market are still relatively the same with not a lot of listing, it just that the buyers are taking a break. … Read more