Prospective home buyers remain on the sidelines in March

Sales volume is at the lowest since 1986. It’s no doubt an interesting/infuriating time. Sales to listing ratios convey a Sellers market for the condo and townhouse segments. But we know how buyers are not acting with urgency. The sellers (en masse) are holding out on substantial price reductions which is keeping prices up, but buyers out.

Something has to give. The province has promised a balanced budget with the PTT revenues keeping on par with 2018 – we know that’s total B.S., right? Look for the province and federal government to reverse course on their interventions. How soon, who knows? But it can’t be this way for much longer.

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