Some of you receiving this may have not heard from me in a while. My new executive assistant, Faye, and I have been busy reviewing and updating all our systems in the past few weeks. If you unsubscribed on a previous platform and still don’t want to be contacted, simply unsubscribe or contact us directly and we’ll make sure it all happens at this end. If not, moving forward you’ll receive this quarterly newsletter with my personal take on things, plus our monthly Stilhavn newsletter with the latest trends and market stats. They are on two separate platforms, so you can stay subscribed to one without the other if that is your preference 🙂 

The market has kicked off this year with a renewed sense of optimism. I’ve received the most new contacts in the past month, from both prospective buyers and sellers, of any month since early 2022 before the rate increases began. Last year’s conversations were all about holding off to wait and see what might happen next. This year’s are about moving forward with plans and trying to get ahead of whatever happens next. Big difference!

Values are holding firm in most sectors and, given the lack of (non-luxury) inventory in the city, there’s every reason to think that upward pressure on prices will begin as more and more buyers decide that they have waited long enough to jump back in.  So far, from what I’ve seen in the trenches, entry-level single-family homes are the most under-supplied and most in demand, shortly followed by affordable condos and townhomes which can accommodate professional couples and young families. 

All the best, 

Duncan