Quote:
Originally Posted by Handsome B. Wonderful
Can't say I'm burnt out at all. We've only looked at 4 houses in person, that little has appealed to us. But I'm not exactly being overwhelmed by new listings either. I don't need to buy, I want to buy, I can afford to be choosy.
Could be a factor of the price range we're looking at. Also a lot of people are seriously overvaluing what they have for sale.
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There's a lot of people still listing properties on the assumption that property in Canada is going perpetually up.
A lot of the people listing right now, aren't in a position where they have to sell. That will change over time. The real estate market can be slow to respond to new realities.
This is especially insane in Vancouver, where virtually no properties over 1.2 million are moving, but new properties above that range are listed everyday.