The real estate market throughout May overall stayed pretty consistent. No major variations in prices or sales activity, a slow and steady market that doesn't really favour buyers or sellers.
There are a lot of buyers out there shopping, but not as many ready to pull the trigger and write an offer.
For those buyers who are willing, there are still some pretty good deals to be found!
Those who can benefit the most in current market conditions are people who have large down payments to avoid higher interest rates, or people looking to upgrade from a townhouse/condo to a detached home.
With the Bank of Canada's interest rate cut today, I am curious to see what effect this has on the market over the next few months!
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