August Market Update

Looking back at July, summer’s already half over — where did that go?

We had some clients pick up great properties on the buy side. One snagged a 3-acre farm for $200,000 under asking. That deal came together fast — two refinance applications and a purchase, all at the same time — plus a favour call to the septic guy. But we got it done.

Prices are coming down a little. Anecdotally, another client picked up a detached home in the Rickson Ridge area well under $750K — and normally, I’d say $800K would’ve been the number for that. I think that’s a trend we’ll keep seeing.

Condos are still slow to move. We’ve got more than a few up for rent if anyone’s interested.

On the financing side, we’ve got some insight into what Scott brings to our team. He helped us juggle those two refinances and the purchase mentioned earlier — and little things like loaning $100,000 so a client could make a mortgage prepayment before payout to reduce their penalty. We’ll do that. Free bridge financing? We’ll do that too — as long as you use us for the financing.

Also, we’ve got a contest going on! We’re giving away a gift card to The Boathouse. Scroll down in the newsletter and enter — more contests to come.

As always, real estate is constantly shifting. If you want to chat more, reach out anytime.



See you next month!