Spring has arrived and so has more interest in the market with the start of more traffic to open houses...
As well we have see an uptick in number of sales and leases year over year with 198 sales and 413 leased properties this March. Up from 179 and 340, respectively. And while prices were overall down in most of the housing categories it was not by much. The average price for a detached 2-storey home dropped less than 5% to $1,943,343 remaining close to the two million dollar mark.
The average sale price for a bungalow was $1,451,538, up slightly by 2%.
Also positive is the likelihood that the liberal party will obtain a majority government. We will know the results in a few days. This will give our government more weight in dealing with international affairs.
The fact that Canada is becoming less dependent on the U S A and is exploring more trade options with other countries bodes well for our future.
The current ceasefire on the war in Iran which the U S A initiated has created some temporary relief and hope in the world. We shall see how it all unfolds. Here's hoping sound leadership prevails in the end.
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