Well, we're on our way with 2014 and the stats are out for last year. Was it record breaking? Not really... Overall sales were down, slightly (by 74 units), dollar volume up by 5% from 2012, first time home buyers were not as abundant, and condo sales up a whopping 13% from 2012!
Why? Well many reasons. First March was cold, and snowy and so spring had a slow start. New Mortgage rules and the rising Land Transfer Tax hit first time home buyers the most.
So what about 2014? Well when I get my crystal ball working, I'll let you know! If spring shows up when it's supposed to, and interest rates don't shoot through the roof (which is so very unlikely!), I think 2014 is going to be great!
If you want more info on our current market conditions, give me a call! 204-987-2100. I'd love to chat!