The Tides Are Changing…

Here's 2 great articles recently posted by R.E.M. (Real Estate Magazine) that appear to illustrate we are heading for a further market decline:  

Danny Kucharsky's Oct. 31 post The State the Condo Market: GTA and Vancouver may be about condos but rest assured this will affect detached & townhome markets too.  Kind of like the pebble in the pond & the ripple effect. Read on...

He also writes about the Power of Sale in his Oct. 26 post.  Although this speaks about mostly private lenders, I think this is an indication of what's to come with conventional lenders and foreclosures.

There is no doubt that the increase in interest rates & rising inflation is having a huge impact on affordability with no relief in sight for the near future!! 


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