Mark Lin Real Estate

It's been some time since our last update! Let's dive into the April 2024 market stats:

Current chatter about lower interest rates on the horizon seems to be making waves in the market. We're seeing a noticeable uptick in buyers looking to seal the deal before summer rolls in. Listing prices are on the rise, too. Check out the figures below for a clearer picture of what's happening in the market right now!

May Stats is here.

The recent rate hike from bank of Canada suggesting there is a possibility of additional rate hikes by the end of 2023. Price is likely to continue to lower until the rate pivots. If you are looking to buy a house, it does not hurt to talk to your mortgage specialist to secure the current rate for three months!

March 2023 Stats:
Prices kept on dropping as interest rate remains high. I am expecting the same in the real estate market until we see a glimpse of the rate drops. If you are a buyer, this is the time you ask for a discount with your offer especially if you are looking to buy a condo. Some cities have increased listings by 100% (condos) while prices continued to drop. If you are a seller, make sure you do a full comparison of the listings near your location so you get a precise selling price that makes sense. Or you can just call me and let me handle it for you. 😀