Quote:
Originally Posted by Slava
It’s purely anecdotal, but while there are more listings in my neighbourhood, the prices seem to be higher. Obviously that’s not going to continue if houses aren’t selling, and of course people are likely selling for less than list, but it seems to indicate less doom and gloom to me.
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My anecdotal sense is that a higher number of transactions are closing in August, compared to what we have seen all year. August is historically our busiest month, but this could also be a sign that sale volumes are up may may continue. CREB reported June sales were slow.