Demand still relatively low and inventory high heading into new year, creating some good opportunities for buyers, says columnist
The 2023 condominium market was challenging for sellers in Barrie.
The market slowed down quite a bit after interest rates increased by two per cent over the last half of 2022 and into January 2023.
With such a large increase in the cost of borrowing, many buyers could no longer afford to purchase real estate and chose to put their property search on hold until the market reacted and prices came down.
The first half of 2023 was more active than the second half, where the Barrie condo market experienced waves of interest from buyers. Some weeks were extremely slow with very little action on listings while other weeks had an increase in appointments and offers on properties.
Most of the active buyers were those who were already locked into an
Read the most recent information about residential and commercial real property in the Seattle space and Pacific Northwest. Where else contained in the world can foreigners arrive at a country with a stable democracy, no navy, a government that encourages investors without any restrictions, and the place foreigners are entitled for the same possession rights as Costa Rican citizens?