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Strong start to local home sales

Blog by Diane Cardoso | February 9th, 2015

January 2015 brings a strong start to local home sales!
Home sales got off to a great start in January and above historical norms, even though fewer homes were listed for sale.  "While demand remains steady, we are seeing fewer homes for sale at the moment," quotes REBGV President, Ray Harris.  This is trending towards greater competition between buyers, particularly in the detached home market. The recent Bank of Canada's announcement lowering it's benchmark interest rate is expected to help Buyer's faced with mortgage decisions.