At open houses and other times when real estate is a topic of conversation, people always ask me, “how’s the market?”
There’s so much going on. “It’s complicated,” I say.
Unfortunately, most people are unsatisfied with an answer so vague. They want to hear:
It’s great.
It’s a good time to sell.
It’s a good time to buy.
…And those answers are almost always true, statistically. Real estate is a great investment, you have to live somewhere and it almost always goes up in value.
As a real estate agent, I watch the market statistics, read the real estate news and do my best to figure out where we are headed. The past is a good indication of the future.
[slideshow id=5]The Canadian Real Estate Association has a wealth of information, if you like statistics.
