People always want to know how the market is, and so they should.... My answer is usually the same- "It all depends on what your current situation is." If you're expanding your family, then it may be a great time to sell and move up to a more spacious living space. Or, if you and your partner have decided to move in together, then you may also decide to buy a bigger space. Maybe you're kids have all moved out and it is time to downsize, etc... The list goes on...
The market now, as you have probably been hearing is a balanced one which is shifting towards the buyers. What this means is that buyers now have the luxury of being a little bit more patient when looking at properties, and with lesser chance of a multiple offer situation arrising, it is actually a great time to buy! Along with fantastic interest rates you can't go wrong. I have just been notified by one of the mortgage brokers I enjoy working with, that the available rate for a 5 yr, fixed term mortgage with 5% down is 2.89%.
If you would like more information on this topic please call me at 778.835.7290.
Thanks for reading!
Century 21 In Town Realty