Question of the week: Buyer's or a seller's market?

Leanne in New Liskeard asks "I hear different things about our real estate market, is it a buyer's or a seller's market? Is the doom and gloom of the bubble bursting on the real estate market ever going to happen?"

Thank you for the question Leanne, I always enjoy looking at statistics and our local real estate board does an excellent job of providing them on a monthly basis. In Temiskaming Shores, there was a slight decrease in the number of sales from 2013 to 2014 however the total dollar volume was up for the same period. Providing that interest rates stay very affordable and that the local ecomony maintains it's current state, I expect 2015 total sales and total dollar volume will rise from 2014.

P.S. Leanne, there is a very exciting project coming to our area next heard it here first!