We have all time low affordability.
The CMHC monster is being leashed.
Mortgages rates are moving up briskly.
The list/sales are moving UP. (example- West Van- 9 new 4 changes 1 sale)
And yet when I look at the houses bought, they are at list price or a few, tiny, inconsequential % less!
What's up with some folks?? What are their Realtors advising them? Quick bid it up NOW...or else...or else......we will have lots more inventory and it will much more difficult to chose a house!
I doubt it. I am sure they are telling them that inventory is growing, and growing inventory usually brings lower prices (yes, we are different in Vancouver I know) but folks still seem panicked.