December 2021 - Peterborough real estate market update.
Once again like dé·jà vu, we return to a baron winter market where Canadians sit back and watch in amazement that the market they were sure would have slowed or corrected by now, is instead poised for another round of massive price increases.
We thought last winters lack of inventory and subsequent boom in prices was bad, and this winter season is shaping up to be no different. Prices are on a steady climb and inventory is virtually non existent.
Navigating next steps in this highly politicized and financialized market has become high stakes whether you choose to buy, sell, or sit on the sidelines, we are all affected by the what has been happening in our real estate markets.
In this video I cover a few of the stand out statistics from the last two months of Peterborough Ontario Real estate sales activity, and spend some time as usual discussing the current state of affairs in our macro economic and local supply side situations. My hope as always is coming to some form of logical conclusion about what might happen in our markets in the short term, to help those who need to make moves in the market feel that they made the best decision with the information they had at hand.
Our team is equipped better than ever this year to help advise and assist buyers and sellers make their best move in this market, and we are happy to set up a preliminary chat about what might be the right next move for you.