June Market Update

Monthly market update for June. Looking back at May, transaction volume, it’s been down, I mean, historically from where it was at the peak. Just seeing fewer things changing hands.

Advantage buyers in this market, especially if you’re after a condo. But if you’re thinking about buying a condo, give me a call. We should chat. The biggest thing that I think we’re seeing in that market is just affordability. It’s cheaper to rent one than to buy one. And to get into a condo, you’re looking at like a $4,000 monthly cost. And that’s a lot after tax.

In terms of interest rates, we’ve seen a little bit of upward movement there in the last week or so. That’s going to have an impact on the market. It’s also going to have an impact on you personally, if you own a property. Especially if you own investment real estate, it would be a great idea to reach out to us to chat financing.

Obviously, we’ve got incredibly competitive rates and some good avenues for investors because it’s a little more tricky to finance refinance on multiple properties. But we’ve also got some great tax strategies and a way of planning for the future that a lot of typical mortgage specialists will probably not look around unless your mortgage specialist owns a dozen properties, and then you should definitely take their advice.

Outside of that, we’re still transacting across all of our business segments. We are busy. But we’ve always got time for you. Anytime you want to reach out and have a chat, here we are. Talk to you soon.