Quote:
Originally Posted by Winsor_Pilates
It's partly just the reality of a listing getting older, but I think there's definite truth to things slowing down.
All of the new developments we are selling in BC got really slow all of the sudden about 2-3 weeks ago. Everyone sort of stopped looking for homes at the same time. I think fear or rates, fear of general investment and in our case fear of HST are all to blame.
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Does any of the slow down have to do with the tighter mortgage restrictions taking place on April 19th? I think it would be ironic if the prices got bid up by people who would not have qualified under the new rules. The very people who would be most sensitive to a negative equity scenario are the ones causing a blip in prices that creates exactly that on their purchases. Ah well Sheeple.