Things are looking up, and we’re heading into spring with optimism on our minds.
So far in 2017 we’ve been thrilled to see a drastic improvement in market conditions, rate of sale and, most importantly, consumer confidence. We have the energy sector to thank for this great news! As of late, oil prices are up 75% year-over-year, which means all those jobs that were cut in 2015 and 2016 could start being restored.
So… what does this mean for condo buyers?
Currently, the condo market is hanging onto some extra inventory, however, recent months have shown us a large increase in sales (over 30 per cent, to be exact). You’ve still got a leg up in this race, but don’t wait too long or you’ll likely be paying more as the market balances out.